U.S. Supreme Court sets limits on SEC’s power to recover ill-gotten gains

The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts. The court reaffirmed the agency’s authority to seek disgorgement, a part of its civil enforcement arsenal aimed at passing on […]

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Dollar dips, Aussie gains as traders bet on pandemic recovery

The U.S. dollar weakened and higher-risk currencies including the Australian dollar jumped on Monday as investors focused on the prospect for an eventual economic recovery from the coronavirus pandemic. Traders bought riskier currencies even after signs of setbacks in the battle to contain the coronavirus. The World Health Organization (WHO) reported a record increase in […]

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