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Supreme Court Upholds SEC Disgorgement Power, Rejects Challenge.

6/4/2026

Summary

Story summary

The U.S. Supreme Court upheld the SEC’s disgorgement authority, rejecting Ongkaruck Sripetch’s challenge.
The Court ruled the SEC need not prove investors suffered loss before ordering disgorgement.
Sripetch, who pleaded guilty to a pump-and-dump scheme, was sentenced to 21 months in prison and ordered to repay more than $3 million plus interest.
The SEC reported $1.4 billion disgorgement for 2025 under President Donald Trump and $6.1 billion for 2024 under President Joe Biden.

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Story summary

The U.S. Supreme Court upheld the SEC’s disgorgement authority, rejecting Ongkaruck Sripetch’s challenge.
The Court ruled the SEC need not prove investors suffered loss before ordering disgorgement.
Sripetch, who pleaded guilty to a pump-and-dump scheme, was sentenced to 21 months in prison and ordered to repay more than $3 million plus interest.
The SEC reported $1.4 billion disgorgement for 2025 under President Donald Trump and $6.1 billion for 2024 under President Joe Biden.