SEC Disgorgement Could Face Tough Crowd At High Court
By Carmen Germaine
“Of the cases that are up in front of the Supreme Court, with Gorsuch being appointed, this is not one of the more high-profile cases — there’s many cases that have much more profile and wide-sweeping impacts potentially on society, more social issues,” said Ulmer & Berne LLP counsel Ronald Betman. “But this is an important issue. There’s a split in the circuits; it needs to be resolved.”
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Supreme Court to hear financial adviser case involving disgorgement
By Mark Schoeff, Jr.
If the Supreme Court decides in favor of Mr. Kokesh, it will help the financial industry, according to Ron Betman, counsel at Ulmer & Berne.
“They’ll know that the SEC can’t seek a disgorgement after five years,” he said. “That’s good for the marketplace because it gives certainty. Everyone knows the rules.”
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