{"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":"Oral Argument: Sripetch v. SEC","slug":"oral-argument-sripetch-v-sec","published_at":"2026-04-19T19:30:00+00:00","page_url":"https://stenobird.com/podcast/the-high-court-report-7304353/oral-argument-sripetch-v-sec","show_page_url":"https://stenobird.com/podcast/the-high-court-report-7304353","url":"https://thehighcourtreport.com//oral-argument-sripetch-v-sec","audio_url":"https://episodes.captivate.fm/episode/4eb18447-7fdc-4912-9ebd-ea8c567d46bb.mp3","summary":"Sripetch v. Securities and Exchange Commission | Case No. 25-466 | Docket Link: Here Oral Advocates: Petitioners (Sripetch): Daniel L. Geyser of Haynes and Boone LLP Respondents (SEC): Malcolm L. Stewart of the Department of Justice Question Presented: Whether the SEC may seek disgorgement without proving investors suffered pecuniary harm. Overview: Federal securities enforcement showdown asks whether the SEC must prove actual investor money losses before courts order fraudsters to surrender profits — reshaping a $6.1 billion annual enforcement tool. Posture: Ninth Circuit affirmed disgorgement without pecuniary harm; Second Circuit requires it; Supreme Court granted cert January 9, 2026. Main Arguments: Sripetch (Petitioner): (1) Disgorgement without pecuniary harm functions as an unlawful penalty, not equitable relief; (2) Congress's 2021 amendments ratified Liu 's definition of disgorgement, which requires restoring funds to actual victims; (3) Allowing victimless disgorgement creates incoherent statutory anomalies and lets the SEC circumvent procedural safeguards attached to civil penalties. SEC (Respondent): (1) Disgorgement strips wrongdoers of ill-gotten gains rather than compensating victims — no loss showing required; (2) Congress deliberately omitted the \"for the benefit of investors\" language from the 2021 disgorgement provisions, signaling no pecuniary-harm prerequisite; (3) The statutory phrase \"unjust enrichment\" carries a common-law meaning that never required monetary loss. Implications: Sripetch victory forces the SEC to document specific investor money losses before courts order disgorgement — shrinking the SEC's multibillion-dollar enforcement arsenal and potentially shielding cleverly structured fraud schemes from profit-stripping orders. SEC victor…","meta_description":"Sripetch v. Securities and Exchange Commission | Case No. 25-466 | Docket Link: Here Oral Advocates: Petitioners (Sripetch): Daniel L. Geyser of Haynes an…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4334,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-high-court-report-7304353/episodes/oral-argument-sripetch-v-sec/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/oral-argument-sripetch-v-sec.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}