This Note defends the SEC's statutory authority to seek judicial disgorgement. In Kokesh v. SEC, the Supreme Court held that judicial disgorgement brought by the SEC constitutes a penalty for the purpose of the five-year statute of limitations in 28 U.S.C. § 2462. In the following months, scholars and practitioners-and at least one putative class action-have argued that this opinion spells the end for judicial disgorgement.
Daniel B. Listwa & Charles Seidell,
Penalties in Equity: Disgorgement after Kokesh v. SEC,
Yale J. on Reg.
Available at: https://digitalcommons.law.yale.edu/yjreg/vol35/iss2/7