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News/Compliance & Enforcement/Congress Answers SCOTUS Questions about SEC’s Disgorgement Powers
Expert Opinion·Compliance & Enforcement Brief

Congress Answers SCOTUS Questions about SEC’s Disgorgement Powers

When Congress overrode Donald Trump's veto of the 2021 National Defense Authorization Act, it also passed a provision codifying the SEC's authority to seek disgorgement for securities violations: for up to five years, and up to ten years for intentional fraud.

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