High Court Won’t Hear Case About SEC’s, Courts’ Authority Over Receivership

( March 30, 2026, 1:22 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 30 denied a petition for certiorari filed by a man subject to a civil action by the Securities and Exchange Commission asking the court to determine whether federal securities laws allow the SEC and a district court to use the commission’s general equitable authority to order a receivership that will seize every entity owned by a defendant that even slightly benefited from the defendant’s allegedly illegal acts....