Challenge to SEC's Disgorgement Authority Reaches Supreme Court

The U.S. Supreme Court granted certiorari in Liu v. Securities and Exchange Commission to address a question that, until fairly recently, seemed clear: whether the SEC has authority to obtain disgorgement in civil actions to enforce the federal securities laws.

11 minute readJanuary 01, 2020 at 12:09 AM
By
Jodi Misher Peikin
Jacob Mermelstein
Challenge to SEC's Disgorgement Authority Reaches Supreme Court

On Nov. 1, 2019, the U.S. Supreme Court grantedcertiorari inLiu v. Securities and Exchange Commissionto address a question that, until fairly recently, seemed clear beyond cavil: whether

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