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U.S. Supreme Court upholds SEC’s ability to use disgorgement, but with modifications.

Overview At issue are three terms, equitable relief, disgorgement, and penalty. If one were to not burden oneself with defining terms and their context, the U.S. Supreme Court decided to allow the Securities and Exchange Commission (SEC) to seek disgorgement as a remedy in their civil actions under an equitable relief construct. However, the calculation … Read more U.S. Supreme Court upholds SEC’s ability to use disgorgement, but with modifications.