The fate of the SEC’s disgorgement authority, new broker conflict-of-interest regulation, and a broker pay-to-play rule could be up to the courts in 2020.
A disgorgement case will go before the U.S. Supreme Court, which also may look at a challenge to the pay-to-play regulation. And a case over the broker conflict rule, also known as Regulation Best Interest, is pending at the U.S. Court of Appeals for the Second Circuit.
Below are three cases involving the Securities and Exchange Commission to watch in 2020.
The Supreme Court March 3 will hear arguments in a case that could ...