On June 22, 2020, the U.S. Supreme Court threw the SEC a lifeline in the highly-anticipated decision of Liu v. SEC. In an 8-to-1 decision, the Justices held that the SEC may continue to obtain disgorgement in federal court, albeit in a significantly narrowed fashion. Although the SEC has routinely sought, and often secured, disgorgement … Continue reading An Analysis of the Supreme Court’s Decision in Liu v. SEC