SCOTUS Upholds SEC Power To Recoup Fraud Profits

The Supreme Court is backing a broad reading of SEC authority to claw back ill-gotten gains in fraud cases, strengthening the agency’s hand against financial wrongdoers. Supporters will call it a win for accountability, but it also highlights how much power federal regulators already wield. The ruling gives Washington more leverage in the name of enforcement, even as critics question how far that reach should go. Read more about this...