The SEC’s disgorgement actions took back $10.8 billion from defendants last year. Now, the US Supreme Court has shored up the commission’s power of disgorgement. Ferdose al-Taie, Lindsay E. Ray and J. Tyler Wampler of Baker Donelson explore the history of the commission’s disgorgement powers and what the ruling means going forward. In a unanimous decision June 4, the US Supreme Court ruled that the SEC may obtain disgorgement in enforcement acti…
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