Sripetch v. SEC · ¶67

Second, the SEC suggested that even if Congress authorized a legal disgorgement remedy in § 78u(d)(7), the SEC can still seek equitable disgorgement under § 78u(d)(5)'s provision for “any equitable relief.” See Tr. of Oral Arg. 53–54, 69–70, 73–75. Disgorgement is not in fact a “traditional equitable remedy,” so there is no such thing as equitable disgorgement under § 78u(d)(5). Liu, 591 U. S., at 93 (Thomas, J., dissenting).

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