NCLA Asks Supreme Court: Can SEC Punish Nonpublic Speech and Order Victimless Disgorgement?
September 01, 2026
September 01, 2026
WASHINGTON, Sept. 1 -- The New Civil Liberties Alliance issued the following news release:
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NCLA Asks Supreme Court: Can SEC Punish Nonpublic Speech and Order Victimless Disgorgement?
The New Civil Liberties Alliance has petitioned the Supreme Court to hear Spartan Securities, et al. v. Securities and Exchange Commission. NCLA asks the Justices to clarify that securities laws do not allow SEC to take legal action against Americans for nonpublic stateme . . .
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NCLA Asks Supreme Court: Can SEC Punish Nonpublic Speech and Order Victimless Disgorgement?
The New Civil Liberties Alliance has petitioned the Supreme Court to hear Spartan Securities, et al. v. Securities and Exchange Commission. NCLA asks the Justices to clarify that securities laws do not allow SEC to take legal action against Americans for nonpublic stateme . . .