Daily Archives: April 19, 2017, 5:03 pm

Supreme Court skeptical about SEC’s powers of ‘disgorgement’ – The Washington Post

The Supreme Court indicated Tuesday that the federal government does not have the wide power it claims in pursuing the ill-gotten profits of fraudulent behavior. Justices across the board were at least skeptical of the Securities and Exchange Commission’s claim that it is not bound by a five-year statute of limitations when it seeks “disgorgement,” or the return of profits…

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New SEC Alums Swarm ‘Revolving Door’ to Financial, Law Firms | Big Law Business

More than half the high-ranking SEC officials who left the agency since January 2016 landed at law and financial firms, with Debevoise & Plimpton LLP leading the pack. Debevoise, private equity manager Blackstone Group LP and other firms hired 15 of the 26 Securities and Exchange Commission officials Bloomberg BNA tracked since their departures were announced in 2016 and 2017.…

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