SCOTUS Delivers Ruling on SEC’s Power To Claw Back Ill-Gotten Gains

decision in Sripetch v. SEC, authored by Justice Neil Gorsuch, affirms the Ninth Circuit and resolves a circuit split in favor of broader SEC authority.

It comes as the agency continues to pursue aggressive actions against market manipulators, a tool conservatives have often supported when it targets clear fraudsters preying on everyday investors.

The continue reading …