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

fiscal year 2024, the SEC secured a record disgorgement totaling billions.

Wednesday’s ruling removes a defense that could have hampered future cases.

The outcome prioritizes punishing fraudsters who violate investors’ protected interests over technical hurdles that might let schemers keep their spoils.

However, critics of expansive government power note continue reading …