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5th Circ. Says Oil Co. Owner Must Disgorge $15.5M To SEC

By Emilie Ruscoe (November 6, 2019, 8:23 PM EST) -- The Fifth Circuit has upheld a Texas district court's order that the owner of an oil company disgorge $15.5 million for his alleged role in an investment scam, days after the Supreme Court agreed to consider whether the SEC can seek disgorgement in federal court....

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