National Defense Authorization Act Boosts SEC’s Disgorgement Authority and Ability to Seek Other Equitable Relief
By EsqSocial Corporation 08/02/21
Amendments Come on the Heels of Supreme Court Decisions on SEC Disgorgement - On January 1, 2021, Congress passed the National Defense Authorization Act (NDAA). Embedded in the NDAA’s more than 1,400 pages is Section 6501, containing significant amendments to Section 21(d) of the Securities Exchange Act of 1934 (the “Exchange Act”). These amendments address important aspects of the U.S. Securities and Exchange Commission’s (SEC) ability to seek disgorgement and other equitable relief and...
By: Akin Gump Strauss Hauer & Feld LLP