Episode
Does SEC Disgorgement Require Investor Harm?
- Podcast
- Unwritten Law
- Published
- Feb 24, 2026
- Duration seconds
- 990
- Processing state
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Summary
In this episode of Unwritten Law , NCLA Senior Litigation Counsel John Vecchione is joined by NCLA Senior Litigation Counsel Kara Rollins to discuss Sripetch v. SEC , a securities law case scheduled to be argued before the U.S. Supreme Court in April. The case asks a critical question: must the Securities and Exchange Commission prove that investors suffered actual financial harm in order to obtain disgorgement in a civil enforcement action? John and Kara explain how recent Supreme Court decisions, including Kokesh and Liu , narrowed the SEC’s disgorgement authority while leaving this issue unresolved.