roughly $2.25 million disgorgement order (plus interest), arguing the agency failed to show investors lost money as a result.
Writing for the 9-0 Court, Justice Gorsuch explained that traditional equitable principles — which govern disgorgement under statutes like 15 U.S.C. §§78u(d)(5) and 78u(d)(7) — focus on stripping the wrongdoer of unjust enrichment,continue reading …
