Congress Leaves SEC Subject to Litigation Over Disgorgement

Buried in the massive National Defense Authorization Act for Fiscal Year 2021 is §6501, a provision authorizing the SEC to seek disgorgement of unjust enrichment within 10 years for certain securities law violations, and five years for others.

8 minute read April 01, 2021 at 12:05 AM
By
Sarah Aberg and Chris Bosch
Congress Leaves SEC Subject to Litigation Over Disgorgement

On Jan. 1, 2021, the U.S. Congress rang in the new year by passing the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.

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