Mark Cuban, Legal Groups Back Consultant Seeking Jury Trial (1)

A panel of appellate judges should reconsider their ruling declining to order a jury trial for a consulting firm owner to contest sanctions imposed by a private self-regulatory group for securities brokers, Mark Cuban and a handful of legal advocacy organizations said in amicus briefs.

The US Court of Appeals for the Sixth Circuit in March denied Eric Smith’s petition for review in his case against penalties imposed by the Financial Industry Regulatory Authority and approved by the Securities and Exchange Commission, holding that it couldn’t rule on the substance of his constitutional challenge because he didn’t raise those arguments ...