The Supreme Court issued a unanimous decision affirming the authority of the Securities and Exchange Commission (SEC) to recover illegal financial gains from wrongdoers, even in the absence of evidence showing that victims suffered losses. The decision was articulated in a ruling authored by Justice Neil M. Gorsuch.
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Supreme Court Rules on SEC's Authority to Recover Illegal Gains
The Supreme Court has unanimously ruled that the SEC can strip wrongdoers of illegal financial gains without needing to prove victim losses. The ruling was delivered 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 on SEC's Authority to Recover Illegal Gains
