Kokesh, SEC case to be heard before Supreme Court
On Tuesday April 18, Kokesh v. Securities and Exchange Commission, a case litigated by Clinton Marrs, will be heard before U.S. Supreme Court. At issue is whether the SEC’s reach in collecting reimbursements for security crimes should be limited and the outcome will have far-reaching impacts in the investment management industry.
“If we win, it will be a substantial restraint of federal civil enforcement power. At that point, to have that power restored, would have to be done legislatively. And that’s not likely to happen in this environment.” – Clinton Marrs
Read the full article here: Supreme Court next stop in Kokesh, SEC saga
Follow the case here: Kokesh v. Securities and Exchange Commission