Conservative Justice Neil Gorsuch and Chief Justice John Roberts joined the court’s four liberals in a 6-3 majority.
The case marked the first time the Supreme Court had been asked to lift a coronavirus shutdown order.
The justices seemed inclined to put limits on the power and to ensure more money goes to harmed investors.
The justices will review a federal appeals court decision that found part of the original 2010 Obamacare law unconstitutional.
The court hears arguments Tuesday on contentions that the SEC can’t use a traditional legal tool known as “disgorgement."
The case centered on a three-year deadline workers have for suing their retirement plans.
Trustee Irving Picard is going after money that was transferred overseas.
The agency reaps huge sums from rules violators through disgorgement that are used to repay victims.
The fight involved so-called intangible income, which includes proceeds from the sale of a business.
The Trump administration defended the ban, saying the provision didn’t curb private expression.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
