US Supreme Court backs SEC in fight over 'disgorgement' power
• The U.S. Supreme Court ruled on Thursday to uphold the Securities and Exchange Commission's (SEC) authority to use "disgorgement" to recover illegal profits. • This decision preserves a critical financial remedy used by the Wall Street watchdog to strip wrongdoers of illicit gains. • The ruling follows a separate 2024 decision where the Court limited the SEC by rejecting its ability to handle certain securities fraud penalty proceedings in-house.
reuters.com
