The two-month-old Supreme Court decision regarding whether the Securities and Exchange Commission can seek disgorgement of ill-gotten gains is already making an impact. A Ninth-Circuit court reversed and remanded a decision involving the disgorgment of nearly $3 million against a California doctor and his administrative assistant who bilked EB-5 investors out of nearly $20 million for a supposed nursing care facility. A major issue was whether the disgorged funds would be returned to the investor victims.
Read The National Law Review article