Supreme Court Won’t Consider SEC Disgorgement For Venture Capitalist

(June 17, 2024, 1:39 PM EDT) -- WASHINGTON, D.C. —  The U.S. Supreme Court will not hear arguments over whether a cross-appeal requirement was triggered before the Second Circuit U.S. Court of Appeals remanded the Securities and Exchange Commission’s enforcement action against a venture capitalist for re-calculation of disgorgement after amendments to the Securities Exchange Act of 1934, denying on June 17 the venture capitalist’s petition for a writ of certiorari and one from his wife in a related proceeding....