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SEC Disgorgement Stuck in Circuit Split After Supreme Court Declines to Intervene
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SEC Disgorgement Stuck in Circuit Split After Supreme Court Declines to Intervene
On June 6, 2025, the U.S. Supreme Court denied a petition for certiorari in Navellier & Associates, Inc. v. SEC, declining to resolve a circuit split regarding the circumstances under which the U.S. Securities and Exchange Commission (SEC) may obtain disgorgement. The Navellier petition, which arose from the U.S. Court of Appeals for the First Circuit, presented a question that has divided the federal appellate courts: whether the SEC may recove…
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