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

On Nov. 1, 2019, the U.S. Supreme Court granted certiorari in Liu v. Securities and Exchange Commission to address a question that, until fairly recently, seemed clear beyond cavil: whether the SEC has authority to obtain disgorgement in civil actions to enforce the federal securities laws.

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