(November 3, 2023, 1:49 PM EDT) -- NEW YORK — A Second Circuit U.S Court of Appeals panel vacated a disgorgement against the founder of a technology company who allegedly caused the company to engage in fraudulent security offerings, finding that a New York federal court abused its discretion when granting additional disgorgements requested by the Securities and Exchange Commission on top of securities he had already surrendered, with the panel saying the record does not establish that defrauded investors were “victims.”...