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Browse: Home / 2017 / November / 13 / The SEC’s Greed Is Coming Back to Bite It – Bloomberg

The SEC’s Greed Is Coming Back to Bite It – Bloomberg

By Securities Docket on November 13, 2017, 9:50 am

Anyway some lawyers read the Kokesh opinion in that particular way and brought this class-action lawsuit against the SEC a couple of weeks ago. Delightfully the class of victims/plaintiffs in the lawsuit is securities fraudsters: Specifically, it’s “all persons or entities from whom the SEC has collected, during the period from October 26, 2011 to the present, purported ‘disgorgement,'” with some fairly minor-seeming exceptions. The alleged damages are “approximately but not less than $14.9 billion over the last six years….”

via The SEC’s Greed Is Coming Back to Bite It – Bloomberg

Posted in SEC, Top | Tagged Disgorgement, Kokesh

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