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Tuesday, June 6, 2017

Supreme Court curbs SEC power to seize profits from fraud

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The Supreme Court issued a ruling Monday that curbs the power of the Securities and Exchange Commission to recoup profits earned in securities fraud. In a unanimous ruling, the court said the SEC can order companies to pay back illegal profits…

June 06, 2017 at 01:19AM

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from slane@thehill.com (Lydia Wheeler and Sylvan Lane)

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