On 22 June, Reuters reported that the Supreme Court had placed limits on the SEC ability to force defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts, but stopped short of disallowing such action. It focused on use of the federal judiciary to seek disgorgement, aimed at passing on funds acquired in fraudulent schemes to the original investors – and allowed such action under certain conditions.
https://fcpablog.com/2020/06/22/supreme-court-puts-limits-on-secs-use-of-disgorgement/
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