This week, the US Supreme Court heard arguments from hedge fund manager George Jarkesy, in his appeal that the Securities & Exchange Commission (SEC) fining and barring him from the industry for securities fraud violated his Seventh Amendment right to a jury trial. Michael McColloch, attorney for Jarkesy, argued that "the procedure in which the SEC acts as prosecutor, judge, and jury is fundamentally unfair. The person accused by the SEC has the burden of trying to persuade people who already deem him guilty that he's not. His right to be judged by an unbiased jury of his peers has...