Panel’s Disgorgement Ruling Not In Line With Liu, Requires High Court Review

(January 27, 2023, 1:49 PM EST) -- WASHINGTON, D.C. — U.S. Supreme Court review of a federal appellate panel’s opinion affirming an order requiring a man to pay disgorgement and a civil penalty totaling $1,868,074 for his alleged role in a financial scheme that defrauded investors is necessary because the appellate panel’s opinion is inconsistent with the Supreme Court’s ruling in Liu v. SEC, the man argues in a petition for writ of certiorari filed in the Supreme Court....