Sripetch v. SEC · ¶9

We agreed to answer those questions three years later in Liu v. SEC, 591 U. S. 71 (2020). While the term “disgorgement” still appeared nowhere on the list of its statutory remedies, the SEC stressed that Congress had enacted 15 U. S. C. § 78u(d)(5) in 2002, a provision allowing it to seek “any equitable relief that may be appropriate or necessary for the benefit of investors.” And, the Commission argued, that statute's reference to “equitable relief” was broad enough to authorize its existing practice of seeking disgorgement awards. See Liu, 591 U. S., at 76–77.

preliminary print (page proof)
Source edition
Passage preview. Read in context for the complete text, notes and references.