High Court Urged To Limit SEC Disgorgement

Law360, New York (March 7, 2017, 3:32 PM EST) -- A number of industry and conservative groups, as well as investor Mark Cuban, have told the U.S. Supreme Court that allowing the U.S. Securities and Exchange Commission to collect disgorgement past five years would bring uncertainty to the financial markets.

Industry groups and conservative groups including the Securities Industry and Financial Markets Association and the Cato Institute, as well as Dallas Mavericks owner and TV personality Cuban and the executor for Texas businessman Charles Wyly's estate, all submitted amicus briefs on Friday supporting New Mexico investment...
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