SEC Can't Collect Punitive Disgorgement, 1st Circ. Told

By Rachel Graf (March 4, 2019, 6:20 PM EST) -- The liquidation trustee for F-Squared Investment Management LLC's bankruptcy estate told the First Circuit on Friday that the U.S. Securities and Exchange Commission doesn't have the right to collect disgorgement when it is meant as a penalty rather than compensation for victims....

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