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 made from illegal behavior.

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