The ruling: The Supreme Court significantly limited the SEC’s ability to seek disgorgement. Specifically, the Court held that any award must be limited to the wrongdoer’s “net profits” and be awarded “for victims.” The Court rejected the expansive concepts used …

ANOTHER SEC LOSS IN THE SUPREME COURT Read More »

Liu v. SEC, No. 18-15-1, heard last week, is potentially one of the most important cases to be heard by the Supreme Court on SEC Enforcement. The question under consideration is whether the Securities and Exchange Commission can request a …

SEC Disgorgement: Who Gets the Money? Read More »