Supreme Court Unanimously Backs SEC Power to Strip Illegal Gains Without Proving Investor Loss

The Supreme Court ruled 9-0 on June 4 that the Securities and Exchange Commission can force wrongdoers to surrender illegal profits even when it cannot identify specific investors who lost money — preserving one of the agency’s most powerful enforcement tools and resolving a split among federal appeals courts. Justice Neil Gorsuch wrote the majority […] The post Supreme Court Unanimously Backs SEC Power to Strip Illegal Gains Without Proving Investor Loss appeared first on the deep dive.