Home \ Resources \ Better Markets and Prominent Consumer Protection Groups File Amicus Brief in Supreme Court to Defend SEC’s Disgorgement Authority—A Critical Investor Protection Tool

Better Markets and Prominent Consumer Protection Groups File Amicus Brief in Supreme Court to Defend SEC’s Disgorgement Authority—A Critical Investor Protection Tool

On January 22, 2020, Better Markets, joined by two consumer protection organizations, filed an amicus (or “friend of the court”) brief in the United States Supreme Court in the case of Liu v. SEC, No. 18-1501.   The issue presented is whether the SEC should retain its long-standing authority to seek federal court orders requiring fraudsters to give back or “disgorge” the money they have stolen from investors.  Better Markets, the Center for Responsible Lending, and the National Consumer Law Center advocated strongly in favor of the SEC’s position, arguing that disgorgement is a long-standing, fundamentally fair, and extraordinarily useful tool that the SEC (and other agencies) need in their fight against securities fraud.

Share This Article: