Ex-Hedge Fund Boss Fights SEC at Supreme Court With Musk’s Help

Hedge-fund manager George Jarkesy said he didn’t recall more than 800 times during questioning at the SEC about deceiving investors. A judge at the agency said he was so evasive his testimony was all but worthless.

A decade later, Jarkesy may have the last laugh.

The US Supreme Court is now using his case to consider stripping the Securities and Exchange Commission of a key weapon in its arsenal – the ability to go before its in-house judges to seek multimillion-dollar penalties. The court hears arguments Wednesday with a ruling likely by June.

George Jarkesy

Source: George Jarkesy

Jarkesy, a former Wall Street broker ...