sec-enforcement

18 cases — ← All topics

Case Title Lower Court Docketed Status Flags Tags Question Presented
25-466 Ongkaruck Sripetch v. Securities and Exchange Commission Ninth Circuit 2025-10-16 Granted Amici (3) circuit-split civil-enforcement disgorgement pecuniary-harm sec-enforcement statutory-interpretation Whether the SEC may seek equitable disgorgement under 15 U.S.C. 78u(d)(5) and (d)(7) without showing investors suffered pecuniary harm.
25-151 Kim H. Peterson, Individually & as Trustee of the Peterson Family Trusts, et al. v. Krista Freitag, Receiver for ANI Development, LLC, American National Investments, Inc., et al. Ninth Circuit 2025-08-07 Denied Response RequestedRelisted (2) circuit-split equitable-receivership federal-court-authority non-consensual-release sec-enforcement third-party-claims As discussed in a nearly-identical, unopposed petition (24-1192), the extent to which federal courts can exert power over third-party claims and claim…
24-949 Navellier & Associates, Inc., et al. v. Securities and Exchange Commission First Circuit 2025-03-05 Denied anti-fraud-provisions disgorgement investor-protection materiality-standard sec-enforcement securities-law 1. Whether the Securities and Exchange Commission ("SEC") can seek, and the courts are authorized, under 15 U.S.C. §78u(d)(5) or §78u(d)(7) or Liu v.…
24A622 Navellier & Associates, Inc., et al. v. Securities and Exchange Commission First Circuit 2024-12-23 Presumed Complete circuit-split disgorgement equitable-remedy investor-protection sec-enforcement securities-law Question not identified.
24-52 Gunes Biray v. Securities and Exchange Commission District of Columbia 2024-07-17 Denied Response Waived administrative-law administrative-procedure agency-deference agency-discretion appellate-review arbitrary-and-capricious due-process sec-enforcement securities-law securities-regulation whistleblower-protection Does the United States Securities and Exchange Commission (SEC) possess absolute immunity from appellate scrutiny when it arbitrarily or capriciously …
23-1338 Martin Shkreli v. Federal Trade Commission, et al. Second Circuit 2024-06-25 Denied Response Waived affiliate-liability civil-procedure disgorgement equity equity-jurisdiction federal-jurisdiction sec sec-enforcement traditional-equity-practice unlawful-gains In Liu v. SEC , 140 S. Ct. 1936 (2020), this Court held that a federal court's congressionally granted power to issue "equitable relief" in an SEC act…
23-987 Shalini Ahmed v. Securities and Exchange Commission Second Circuit 2024-03-11 Denied asset-seizure civil-rights disgorgement due-process equitable-limitations equitable-limits judicial-review nominee-doctrine pullman-standard-v-swint sec-enforcement sec-v-liu 1. Whether this Court's holding in SEC v. Liu, 140 S. Ct. 1936 (2020) that disgorgement must remain within equitable limits instructs that (i) the val…
23-626 Elon Musk v. Securities and Exchange Commission Second Circuit 2023-12-11 Denied Amici (1)Response RequestedResponse WaivedRelisted (2) civil-rights constitutional-rights first-amendment free-speech government-action sec-enforcement settlement settlement-agreement standing unconstitutional-conditions Whether a party's acceptance of a benefit prevents that party from contending that the government violated the unconstitutional conditions doctrine in…
23-240 David L. Smith v. Securities and Exchange Commission Second Circuit 2023-09-13 Denied Response Waived circuit-split civil-procedure civil-rights collateral-relief disgorgement due-process judicial-review rule-60b4 sec-enforcement standing takings void-judgment Is Petitioner entitled to collateral relief from an extra-legal "disgorgement" order, which the SEC had no power to obtain, and the district court had…
22-687 Randall S. Goulding v. Securities and Exchange Commission Seventh Circuit 2023-01-24 Denied burden-shifting disgorgement legitimate-business liu-v-sec net-profits non-fraudulent-activities sec sec-enforcement treasury-distribution 1. Whether a district court's award of disgorgement to the SEC based on the defendant's cash withdrawals from a business without considering whether t…
21-591 Donald J. Fowler v. Securities and Exchange Commission Second Circuit 2021-10-22 Denied Response Waived civil-penalties civil-penalty civil-procedure constitutional-limits disgorgement excessive-penalties private-agreement sec-enforcement statute-of-limitations subject-matter-jurisdiction 1. Where 28 U.S.C. § 2462 provides in relevant part that, "[e]xcept as otherwise provided by Act of Congress, an action, suit or proceeding for the en…
21-82 Alpine Securities Corporation v. Securities and Exchange Commission Second Circuit 2021-07-21 Denied Amici (2) administrative-law agency-authority bank-secrecy-act enforcement-authority mens-rea sec-enforcement securities-and-exchange-commission securities-exchange-act statutory-interpretation treasury-department In enacting and amending the Bank Secrecy Act (BSA), Congress vested the Secretary of the Treasury with the authority to administer, interpret, and en…
20-276 Christopher M. Gibson v. Securities and Exchange Commission, et al. Eleventh Circuit 2020-09-03 Denied Amici (7) administrative-law administrative-law-judges appointments-clause constitutional-challenge dodd-frank free-enterprise-fund jurisdictional-review lucia-v-sec sec-enforcement securities-and-exchange-commission separation-of-powers Whether Congress has implicitly stripped federal district courts of jurisdiction to adjudicate separation-of-powers challenges to the authority of SEC…
19-978 Team Resources Incorporated, et al. v. Securities and Exchange Commission Fifth Circuit 2020-02-04 GVR Relisted (3) disgorgement equitable-remedy federal-court penalty penalty-analysis sec sec-enforcement securities-law securities-violations Whether the Securities and Exchange Commission may obtain disgorgement from a federal court as an equitable remedy for securities violations despite t…
19-6607 Robert Allen Stanford v. Jay Clayton District of Columbia 2019-11-13 Denied Response WaivedRelisted (2)IFP civil-rights discretionary-function due-process extraterritorial extraterritorial-jurisdiction fourth-amendment search-and-seizure sec-enforcement securities sovereign-immunity This case involves an extraordinary, extra-statutory overreach of the Securities and Exchange Commission (SEC); a civil enforcement action taken by th…
19-6571 Francisco Illarramendi v. John J. Carney, et al. Second Circuit 2019-11-12 Denied Response WaivedIFP 28-usc-2462 civil-actions civil-procedure civil-procedure-statute-of-limitations-sec-28-usc- collateral-estoppel constitutional-rights due-process pdvsa-venezuela sec sec-enforcement sec-receiver-parallel-criminal-proceedings statute-of-limitations summary-judgment summary-judgment-collateral-estoppel summary-judgment-standard-tolan-v-cotton supreme-court-doctrine The following questions are presented for the Court's review: 1. Do lower courts have an inherent duty to properly apply doctrine of this Supreme Cou…
18-1566 Charles D. Scoville v. Securities and Exchange Commission Tenth Circuit 2019-06-21 Denied Amici (1) civil-procedure criminal-prosecution dodd-frank-act due-process extraterritorial-jurisdiction extraterritorial-reach extraterritoriality federal-jurisdiction sec-enforcement securities-exchange-act securities-exchange-act-of-1934 securities-law securities-regulation statutory-interpretation subject-matter-jurisdiction Whether Section 929P(b)'s jurisdictional amendments conferred substantive extraterritorial reach upon Sections 10(b) and 17(a) in SEC enforcement acti…
18-1501 Charles C. Liu, et al. v. Securities and Exchange Commission Ninth Circuit 2019-06-03 Judgment Issued Amici (19)Response RequestedResponse WaivedRelisted (4) agency-enforcement disgorgement equitable-relief judicial-review kokesh-v-sec lower-court-precedent penalty sec-enforcement securities-law statutory-interpretation Whether the Securities and Exchange Commission may seek and obtain disgorgement from a court as "equitable relief" for a securities law violation even…