Image: SCOTUSblogJustices validate SEC’s use of disgorgement in securities enforcement
• The Supreme Court has validated the SEC's authority to use disgorgement as a remedy in securities enforcement actions. • The ruling addresses concerns that the SEC previously sought awards that exceeded the actual profits gained by defendants and directed funds to the U.S. Treasury rather than victims. • This decision is significant as it clarifies the legal boundaries of "restitution" and the SEC's power to recover illicit gains.
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