SEC Tells Supreme Court Cross-Appeal Rule Not Triggered By Disgorgement Remand

(April 19, 2024, 8:12 AM EDT) -- WASHINGTON, D.C. — The Second Circuit U.S. Court of Appeals correctly remanded the Securities and Exchange Commission’s enforcement action against a venture capitalist for re-calculation of disgorgement after amendments to the Securities Exchange Act of 1934, the SEC tells the U.S. Supreme Court, saying a cross-appeal requirement was not triggered....