The Supreme Court issued a unanimous ruling allowing the Securities and Exchange Commission (SEC) to recover illegal financial gains from wrongdoers, even in the absence of evidence showing that victims suffered financial losses. The decision was articulated in an opinion by Justice Neil M. Gorsuch.
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Supreme Court Rules SEC Can Recover Illegal Gains Without Proof of Victim Loss
The Supreme Court has ruled that the SEC has the authority to strip wrongdoers of illegal financial gains without needing to demonstrate that victims incurred losses. This unanimous decision was authored by Justice Neil M. Gorsuch.
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Supreme Court Finds S.E.C. Can Strip Wrongdoers of Illegal Financial Gains, Even Without Proof of Victim Loss
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Supreme Court Rules SEC Can Recover Illegal Gains Without Proof of Victim Loss