{"podcast":{"title":"The High Court Report","slug":"the-high-court-report-7304353","podcast_index_feed_id":7304353,"rss_url":"https://feeds.captivate.fm/scotus-oral-arguments/","website_url":"https://thehighcourtreport.com","image_url":"https://artwork.captivate.fm/32e133db-cc46-422f-a13c-e80534752cea/OPERATIVE-SCOTUS-THUMBNAIL.jpg","author":"SCOTUS Oral Arguments","episode_count":500,"summary":"The High Court Report makes Supreme Court decisions accessible to everyone. We deliver comprehensive SCOTUS coverage without the legal jargon or partisan spin—just clear analysis that explains how these cases affect your life, business, and community. What you get: Case previews and breakdowns, raw oral argument audio, curated key exchanges, detailed opinion analysis, and expert commentary from a practicing attorney who's spent 12 years in courtrooms arguing the same types of cases the Supreme Court hears. Why it works: Whether you need a focused 10-minute update or a deep constitutional dive, episodes are designed for busy professionals, engaged citizens, and anyone who wants to understand how the Court shapes America. When we publish: 3-5 episodes weekly during the Court's October-June term, with summer coverage of emergency orders and retrospective analysis. Growing archive: Oral arguments back to 2020 and expanding, so you can hear how landmark cases unfolded and track the Court's evolution. Your direct line to understanding the Supreme Court—accessible, thorough, and grounded in real legal expertise.**","last_synced_at":"2026-07-02T18:20:06.779164+00:00","page_url":"https://stenobird.com/podcast/the-high-court-report-7304353"},"episode":{"title":"Opinion Summary: Sripetch v. SEC | Victimless Fraudsters Can't Keep Profits","slug":"opinion-summary-sripetch-v-sec-victimless-fraudsters-can-t-keep-profits","published_at":"2026-06-08T09:00:00+00:00","page_url":"https://stenobird.com/podcast/the-high-court-report-7304353/opinion-summary-sripetch-v-sec-victimless-fraudsters-can-t-keep-profits","show_page_url":"https://stenobird.com/podcast/the-high-court-report-7304353","url":"https://thehighcourtreport.com//opinion-summary-sripetch-v-sec-victimless-fraudsters-cant-keep-profits","audio_url":"https://episodes.captivate.fm/episode/dd17f9f8-d674-491d-9b26-0a14bc2bbb32.mp3","summary":"Sripetch v. Securities and Exchange Commission | Case No. 25-466 | Docket Link: Here | Argued: April 20, 2026 | Decided: June 4, 2026 Overview: The Supreme Court resolves a circuit split over whether the SEC must prove investors lost money before ordering disgorgement — preserving billions in annual securities enforcement power. Question Presented: Whether the SEC may seek disgorgement without proving investors suffered pecuniary harm. Posture: Ninth Circuit affirmed disgorgement without pecuniary harm; Supreme Court granted certiorari to resolve circuit split. Main Arguments: Sripetch: (1) Disgorgement without pecuniary harm functions as an unlawful penalty, not equitable relief; (2) Congress's 2021 amendments ratified Liu 's disgorgement definition, requiring restoration of funds to actual victims; (3) SEC's reading creates statutory anomalies and lets the agency circumvent jury-trial and procedural safeguards attached to civil penalties. SEC: (1) Disgorgement targets the wrongdoer's gain, not the victim's loss — no loss showing required; (2) Congress deliberately omitted the \"for the benefit of investors\" language from the 2021 statute, eliminating any pecuniary-harm prerequisite; (3) \"Unjust enrichment\" in the 2021 text carries a common-law meaning that never required proof of monetary loss. Holding: The SEC may obtain a disgorgement award without proving investors suffered pecuniary loss. Traditional equitable principles tie the remedy to the defendant's wrongful gain from invading legally protected interests — not to any documented financial loss by the victim. Ninth Circuit affirmed. Voting Breakdown: 9-0. Justice Gorsuch authored the majority opinion joined by Chief Justice Roberts and Justices Thomas, Sotomayor, Kagan, Barrett, Kavanaugh, and Jackson. Justice…","meta_description":"Sripetch v. Securities and Exchange Commission | Case No. 25-466 | Docket Link: Here | Argued: April 20, 2026 | Decided: June 4, 2026 Overview: The Suprem…","key_points":[],"chapters":[],"topics":[],"duration_seconds":876,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-high-court-report-7304353/episodes/opinion-summary-sripetch-v-sec-victimless-fraudsters-can-t-keep-profits/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-high-court-report-7304353/opinion-summary-sripetch-v-sec-victimless-fraudsters-can-t-keep-profits.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}