Supreme Court Rules Against SEC Over Recovery Of Ill-Gotten Gains

The U.S. Supreme Court on Monday scaled back the Securities and Exchange Commission’s power to recover ill-gotten profits from defendants’ misconduct, handing Wall Street firms a victory and dealing another blow to the regulator’s enforcement powers.

from FA News http://www.fa-mag.com/news/supreme-court-rules-against-sec-over-recovery-of-ill-gotten-gains-33080.html

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