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SEC Owes $15B After Kokesh Bars Disgorgement, Suit Says

By Jack Newsham ( October 27, 2017, 7:20 PM EDT) -- A liquidation trustee's suit filed in Massachusetts federal court on Thursday says the U.S. Supreme Court's recent Kokesh decision didn't just limit the ability of the U.S. Securities and Exchange Commission to win disgorgement of ill-gotten gains, but destroyed it, and seeks almost $15 billion from the agency....

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