Supreme Court sides with entrepreneur George Jarkesy in landmark SEC case

All right so there's been an avalanche of news right and things that have happened in the last 24 hours. But Axio says that the number one thing for for markets is a Supreme Court decision that curbs the FC CS power. The article begins with this zoom in SEC versus Jarka C. The court curbed the agency's ability to use its internal court system to levy fines. Defendants in those cases have the right to a jury trial. Chief Justice John Roberts, he wrote that for the six three majority. Now, in that moment, folks, George Jarkozy became a hero for retail investors who are trying to navigate a system that is tailored for hedge funds and big banks. Joining me now, entrepreneur, former hedge fund manager George Jarkozy. George, first and foremost, my man, congratulations. Walk us through, you know, what made what happened that made you do this and how do you stick to the fight? It's expensive and tough to work your way all the way up to the Supreme Court. Yes, it is. Thank you for having me on Charles. It, it is a it is a long slugfest many, many years of of, you know, small things you do to, to, to get to where we, we got to this week with this, with the win at the Supreme Court. And I, I want to thank the the Supreme Court for, for their fight, you know, for what they've done and what the findings are. And I want to thank the SEC for, for doing all they do, for keeping our markets the way they do. We have the best markets in the world. But it has been a long, a long time. And it was a tough fight. Yeah. All right. Let me just Justice Roberts wrote the the opinion and he had something here I thought was absolutely fantastic. When the English began evading American juries by siphoning adjudications to jury, juryless Admiralty, vice Admiralty and Chauncey courts, Americans condemned Parliament for subverting the rights and liberties of the colonists. You know, I got to tell you, a lot of times I view this whole fight the retail versus big institutions and similar to the Boston Tea Party kind of thing. Do you sense that as well that maybe retail investors, you know, who have been fighting back in their own way can have a glimmer of hope now? Well, you know, it was a surprise to me that you could be dragged into that kind of a tribunal and, and not have the rights or, or things that you would typically expect to have. And I'm just getting a traffic ticket at at court. And so that was a big surprise when this started to go through that process where you're on their ground with their judge and their, they called an administrative law judge and their prosecutor and their stuff is, is admitted and the things that you want to bring are not admitted. And it's a very unfair tribunal that we went through back in 20, 2013, 2014. To go through that as an American was a very, you know, it was very surprising. I, I, you know, you, you, you find these things, you know, you, you, that you learn as American growing up, you know, you're innocent until proven guilty and you have these rights. And to watch those rights be trampled was very difficult. And so, you know, a lot of people look through this and there's a lot to read and even the, the, the opinion is almost 100 pages. But the fact of the matter is you, you know, do you really have a right to a, to a real court and a real judge? And, and that's what this, this came down to. And, and it was a long slug. It was really hard to get here. But it was an easy decision for us to fight because when we got into this, we looked at the SE CS win rate. And at that time, the SEC was winning 100% of their in house cases. And so when you know that you're going into 100, I mean, you've got to say, look, we've got to do something to try to win because, you know, we didn't agree with their opinion on things. And so it it, you know, when you're boxed into a, a corner and, and you're, you're, you're facing us for a cop, there's no question. We had zero question that, that that was going to lead to, to our loss and their win because they were winning 100%. It's not like, oh, I'm deciding to fight you. You're either going to get fight or you're going to get punched in the face. And, and even though, you know, just the fight itself, I wouldn't wish it upon my worst enemies. It's a very long, hard, expensive fight. And so I, I, I wouldn't wish it on anybody. I mean, you know, listen again. I think you've become a hero whether you want it to be or not for for retail investors and other folks who are fighting back against big intrusive government where you know, they are the judge, jury and executioner. To your point, our country was not established to be that way. And I'm glad we we corrected a part of it yesterday. See you soon, my friend. Thank you. Thank you very much, Charles. Appreciate it.