The SEC can claw back illegal profits nationwide without proving specific investor losses after a unanimous Supreme Court win.
Key takeaways
- On June 4, six weeks after oral arguments, the Supreme Court gave the SEC a clean enforcement win: the agency can recover illegal profits without proving t...
- That timing matters because the ruling in Sripetch v. SEC ends a live split among federal appeals courts and removes a defense that had gained traction in the **Se...
- June 4: the Court moves the fight from victim losses to illegal profits
- The practical shift is sharp. Before this ruling, defendants in some SEC cases could argue that the agency had not connected their conduct to identifiable investor los...
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Canonical source: https://mlxio.com/finance/supreme-court-sec-disgorgement
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