Yoni Bard

On June 4, 2026, the U.S. Supreme Court unanimously held that the SEC need not prove investors suffered actual financial losses before obtaining a disgorgement award. Sripetch v. Securities and Exchange Commission, No. 25-466. In its first decision addressing the limits on SEC disgorgement since Liu v. SEC (2020), the Supreme Court clarified that invasion of investors’ legally protected interests doesn’t always require proof of actual financial harm to the victims.

Adam Safwat’s articles from Foley Hoag LLP are most popular: with readers working within the Construction & Engineering industries On June 4, 2026, the U.S. Supreme Court unanimously held that the SEC need not prove investors suffered actual financial losses before obtaining a disgorgement award. Sripetch v. Securities and Exchange Commission, No. 25-466. In its first decision addressing the limits on SEC disgorgement since Liu v.

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