Supreme Court to Decide on SEC's Ability to Recoup Illicit Profits
The U.S. Supreme Court is set to rule on the Securities and Exchange Commission's (SEC) power to recoup illicit profits through disgorgement, a key enforcement tool. Critics argue that recent rulings have limited the SEC's effectiveness, and the outcome could impact numerous cases, including the ongoing lawsuit against Elon Musk. The SEC secured over $11 billion in disgorgement in the previous fiscal year.
Topics: disgorgement financial regulation illicit profits SEC Supreme Court