Alerts6.24.20
U.S. Supreme Court Confirms SEC’s Right to Seek Disgorgement Under Securities Exchange Act
The U.S. Supreme Court held that an SEC disgorgement award that does not exceed a wrongdoer’s “net profits” is permissible equitable relief under Section 21(d)(5) of the Exchange Act
On June 22, 2020, the U.S. Supreme Court confirmed that the U.S. Securities and Exchange Commission (SEC) may seek disgorgement in civil enforcement actions brought in federal district court.
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