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Recent Amendments To The Securities Exchange Act Of 1934 Strengthen The SEC’s Disgorgement Powers

On Jan. 1, 2021, the U.S. Congress passed amendments to the Securities Exchange Act of 1934 (Exchange Act) that significantly expand the U.S. Securities and Exchange Commission’s (SEC) authority to recover disgorgement of any...more

The Supreme Court Upholds the SEC’s Ability to Obtain Disgorgement

In a long-anticipated decision, the U.S. Supreme Court this week upheld the Securities and Exchange Commission’s (SEC) ability to obtain disgorgement, provided the award does not exceed the wrongdoer’s ill-gotten gains and is...more

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