Justices Prioritize Victim Payments In SEC Disgorgement Args

By Dean Seal (March 3, 2020, 11:27 PM EST) -- The U.S. Supreme Court had plenty of questions on Tuesday for the U.S. Securities and Exchange Commission and defendants challenging the agency's ability to collect disgorgement, conveying a clear concern for whether disgorged funds are making their way back to victims.

The U.S. Securities and Exchange Commission's practice of seeking disgorgement drew scrutiny in a U.S. Supreme Court case on Tuesday. (AP) The justices were hearing oral arguments in Liu v. SEC, in which Charles Liu and Xin Wang contend that the agency does not have authority under securities law to seek disgorgement as a form of equitable relief for victims...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!