(June 5, 2017, 3:12 PM EDT) -- WASHINGTON, D.C. — Because they operate as penalties under federal law, disgorgement claims in Securities and Exchange Commission enforcement actions must be brought within five years of the date in which the claim accrued, the U.S. Supreme Court ruled June 5 in a unanimous opinion (Charles R. Kokesh v. Securities and Exchange Commission, No. 16-529, U.S. Sup.)....