In Liu v. SEC, Supreme Court Upholds – But Limits

Can the SEC obtain disgorgement in civil enforcement actions? Yes.

What, exactly, is disgorgement? Well, it’s complicated.

In an 8-1 opinion, the Supreme Court held that the SEC can seek and obtain disgorgement in federal civil actions, as long as that disgorgement meets the definition of an equitable remedy.

Source: https://www.mercurynews.com/2019/11/05/silicon-valley-woman-to-pay-50-million-for-allegedly-misappropriating-45-million-from-green-card-seekers/