The Supreme Court issued a unanimous ruling stating that the Securities and Exchange Commission (S.E.C.) has the authority to recover illegal financial gains from wrongdoers, even in the absence of proof that victims suffered financial losses. The decision was articulated in an opinion by Justice Neil M. Gorsuch.
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Supreme Court Rules S.E.C. Can Reclaim Illegal Financial Gains Without Evidence of Victim Loss
The Supreme Court has ruled that the S.E.C. can reclaim illegal financial gains from wrongdoers without needing to demonstrate that victims incurred losses. The unanimous decision 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 S.E.C. Can Reclaim Illegal Financial Gains Without Evidence of Victim Loss