Sripetch v. SEC
On March 2, 2026, WLF urged the Supreme Court to reverse a Ninth Circuit decision allowing for disgorgement in the absence of financial injury. As WLF’s brief explains, the Supreme Court has established that disgorgement is an equitable remedy that can be used to strip profits from a wrongdoer only to restore a victim’s financial losses. Congress hasn’t overridden that caselaw, so the SEC can’t pursue disgorgement without showing pecuniary harm.