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

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not compensating specific out-of-pocket losses.

“Even assuming all that to be true, we conclude that a showing of pecuniary loss is not required before an investor may qualify as a victim of an offender’s wrongdoing entitled to compensation,” Gorsuch wrote.

He drew on longstanding equity precedents: “Under traditional equitable principles, a person continue reading …

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