The SEC’s ability to recover ill-gotten gains from wrongdoers is “critical” to joint securities enforcement efforts, attorneys general from 23 states and the District of Columbia told the U.S. Supreme Court in a filing.
The bipartisan group of state law enforcement officials urged the court Tuesday to side with the Securities and Exchange Commission when it hears arguments March 3 over whether the agency can continue to pursue disgorgement as a civil remedy in federal court.
‘Enforcement 40’ for 2020
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