Sripetch v. Securities and Exchange Commission

The Court holds that the Securities and Exchange Commission need not prove that investors suffered a pecuniary loss before it may obtain a disgorgement award against a securities-law violator. Under traditional equitable principles, a court may strip a wrongdoer of the gains attributable to his unlawful conduct even when his victims cannot show any measurable financial harm, so a finding of pecuniary loss is not a precondition to disgorgement. CASE: Sripetch v. Securities and Exchange Commission AUTHOR: Gorsuch, J. DECIDED: 2026-06-04 OPINION: https://www.supremecourt.gov/opinions/25pdf/25-466_5i26.pdf AI DISCLOSURE: The voices in this podcast are AI-generated. The narration is produced by a machine-learning voice synthesis model. Tone, inflection, pacing, and emphasis are artifacts of the model and should not be attributed to any individual. The text being read is the majority opinion as published by the Supreme Court of the United States with light adaptations to improve readability.