Source: Reuters
“The U.S. Supreme Court on Thursday rejected a challenge to the Securities and Exchange Commission’s broad authority to recover illegal profits using a financial remedy called disgorgement, buttressing one of the Wall Street watchdog agency’s key powers. The justices, in a 9-0 ruling, upheld a lower court’s decision that had endorsed a wide use of the SEC’s disgorgement authority. President Donald Trump’s administration had defended the SEC in the case. … [Ongkaruck] Sripetch admitted violating securities law, and in a related criminal case was sentenced to 21 months in prison. Sripetch challenged the lower court’s disgorgement order on the grounds that the SEC failed to prove his actions caused stock prices to drop or otherwise financially harmed investors.” (06/04/26)
https://www.reuters.com/world/us-supreme-court-backs-sec-fight-over-disgorgement-power-2026-06-04/