# Kokesh v. SEC

Type: legal_case

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/kokesh-v-sec
Canonical HTML page: https://getlegalbrief.com/entity/kokesh-v-sec

## Timeline

- **2026-06-04**: Sripetch v. SEC Decided — Supreme Court unanimously holds that the SEC need not prove investors suffered a pecuniary loss to obtain disgorgement, resolving a circuit split.
- **2021**: Section 21(d)(7) Enacted — Congress adds express SEC disgorgement authority to the Exchange Act, separate from its general equitable powers.
- **2020**: Liu v. SEC — Supreme Court rules disgorgement is a permissible equitable remedy if it does not exceed a wrongdoer’s net profits and is awarded for victims.
- **2017**: Kokesh v. SEC — Supreme Court holds that disgorgement in SEC enforcement actions constitutes a 'penalty' subject to the 5‑year statute of limitations.

## Recent coverage (1 stories)

### SCOTUS Upholds $4.1M SEC Disgorgement Without Investor Loss Proof
2026-06-13 17:32:56 · Sentiment: Neutral · Impact: 7/10 · Sources: 2

The Supreme Court’s unanimous decision in Sripetch v. SEC holds that the SEC may obtain disgorgement of ill-gotten gains without proving pecuniary loss, resolving a circuit split and providing clarity on the scope of equitable remedies, while Justice Thomas’s concurrence raises new constitutional questions.
Full story: https://getlegalbrief.com/story/supreme-court-sec-disgorgement-sripetch-legal

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