Sripetch v. SEC · ¶10

We agreed in part. Yes, we held, “equitable relief” can encompass a disgorgement remedy. See id., at 85–87. But no, we added, the term “equitable relief” does not capture the kind of disgorgement the SEC had often sought in lower courts. See id., at 85–92. And though we did not purport to set forth all “the bounds of traditional equity practice” applicable under § 78u(d)(5), id., at 87, we did identify some key limitations on the disgorgement remedy authorized by that statute's “equitable relief” language.

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