Supreme Court Expands SEC's Disgorgement Authority

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-12
Category: us
Source: Skadden, Arps, Slate, Meagher & Flom LLP
Original source

The Supreme Court has unanimously ruled that the Securities and Exchange Commission can order defendants to disgorge ill-gotten gains without needing to prove victims suffered direct financial losses. This decision resolves a previous disagreement among lower courts. The ruling significantly strengthens the SEC's enforcement capabilities and clarifies the legal framework for imposing financial penalties in such cases.

Want more?

Open NewsSnap.ai for the full app experience, including audio, personalization, and more news tools.

Open NewsSnap.ai