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Congress Confirms SEC s Disgorgement Power: Recovery for Investors or Revenue for Government? | Arnall Golden Gregory LLP

Tucked into the 2021 National Defense Authorization Act (NDAA) 1  passed over a presidential veto on January 1, 2021, 2  on page 1,238 of the 1,480-page bill, was a modification to the Securities Exchange Act of 1934 (Exchange Act) 3 that constitutes a response to a couple of recent Supreme Court cases that had limited the U.S. Securities and Exchange Commission’s (SEC) ability to obtain disgorgement from defendants in enforcement actions. Prior to the NDAA, the SEC did not have explicit statutory authority to obtain disgorgement from securities law violators; instead, federal courts have conferred such authority in a patchwork of cases over the past 50 years. In the NDAA, Congress modified a section of the Exchange Act that sets out the remedies available to the SEC in addressing violations of the securities laws

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[취임 D-1] 여성 최초 · 흑인 최초 바이든 행정부, 새로운 미국 이끌까-국민일보
kmib.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kmib.co.kr Daily Mail and Mail on Sunday newspapers.

뉴스핌 - 김용범 국고채 장단기 금리차 확대…시장 변동성 확대 유의

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newspim.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newspim.com Daily Mail and Mail on Sunday newspapers.

행정부 빅 5 중 여성이 2명… 장관급 50% 유색 인종 발탁-국민일보

행정부 빅 5 중 여성이 2명… 장관급 50% 유색 인종 발탁-국민일보
kmib.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kmib.co.kr Daily Mail and Mail on Sunday newspapers.

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