SEC Says Disgorgement, Materiality Questions Don’t Warrant High Court Review

( May 6, 2025, 2:46 PM EDT) -- WASHINGTON, D.C. — The Securities and Exchange Commission on May 5 asked the U.S. Supreme Court not to grant certiorari to an investment officer and his investment firm asking the court to address questions regarding the award of disgorgement and clarity regarding materiality of alleged misrepresentations under the Investment Advisors Act of 1940, arguing that the questions don’t warrant the high court’s review....

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