The U.S. Supreme Court agreed to consider stripping the Securities and Exchange Commission of its power to recoup illegal profits from wrongdoers.
The U.S. Supreme Court agreed to consider stripping the Securities and Exchange Commission of its power to recoup illegal profits from wrongdoers, taking up a challenge to one of the agency’s most potent legal weapons.
Liu and Wang were found to have defrauded people seeking to take advantage of the EB-5 visa program for foreigners who make large investments in the U.S. The two were accused of falsely telling investors the money would be used for a cancer treatment center. A federal judge ordered the couple to return $27 million they had collected.Advertisement
The 2002 Sarbanes-Oxley Act says judges hearing SEC enforcement actions can award “any equitable relief” they deem appropriate for the protection of investors.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. Supreme Court to review SEC's power to recover ill-gotten gainsThe U.S. Supreme Court on Friday agreed to hear a challenge to the ability of th...
Lire la suite »
Hillary Clinton admits she played a role in RBG's selection for Supreme CourtFormer Secretary of State Hillary Clinton, sitting next to her husband, former President Bill Clinton, admitted Wednesday night that she had played a pivotal role in his decision to name Ruth Bader Ginsburg to the Supreme Court in 1993.
Lire la suite »
Impeachment: Court to weigh balance between House, President Trump
Lire la suite »
Column: In Corinthian Colleges fiasco, Education Secretary Betsy DeVos defines 'contempt of court'Education Secretary Betsy DeVos defines 'contempt of court' -- and taxpayers have to pay her fine.
Lire la suite »
Poland, Hungary broke EU laws by refusing to host migrants: court adviserHungary, Poland and the Czech Republic broke the law by refusing to take in asyl...
Lire la suite »