Decided
Sripetch v. Securities and Exchange Commission
Holding
A showing of pecuniary loss to investors is not required before the SEC may obtain a disgorgement award.
Judgment
Affirmed, 9-0, in an opinion by Neil Gorsuch on Jun 4, 2026. Justice Thomas wrote a concurring opinion.
Vote
9
0
GorsuchRobertsThomasAlitoSotomayorKaganKavanaughBarrettJackson
Related Coverage
Oct 14, 2025Petition for a writ of certiorari filed. (Response due November 17, 2025)Nov 14, 2025Motion to extend the time to file a response from November 17, 2025 to December 17, 2025, submitted to The Clerk.Nov 15, 2025Brief amicus curiae of California Alternative Investments Association filed.Nov 17, 2025Brief amicus curiae of Cato Institute filed.
Nov 17, 2025Amicus brief of Brenda Barry, et al. not accepted for filing. (To be corrected - December 1, 2025)
Nov 17, 2025Brief amicus curiae of Brenda Barry, et al. filed. (Corrected)Nov 18, 2025Motion to extend the time to file a response is granted and the time is extended to and including December 17, 2025.
Dec 17, 2025Waiver of the 14-day waiting period for the distribution of the petition pursuant to Rule 15.5 filed by petitioners.Dec 17, 2025Brief of Federal Respondents filed.Dec 23, 2025DISTRIBUTED for Conference of 1/9/2026.
Jan 9, 2026Petition GRANTED.
Jan 27, 2026Motion to dispense with printing the joint appendix filed by petitioner Ongkaruck Sripetch.Feb 11, 2026SET FOR ARGUMENT on Monday, April 20, 2026.
Feb 18, 2026Record requested from the United States Court of Appeals for the Ninth Circuit.
Feb 23, 2026Motion to dispense with printing the joint appendix filed by petitioner GRANTED.
Feb 23, 2026Brief of petitioner Ongkaruck Sripetch filed.Mar 2, 2026Brief amicus curiae of Chamber of Commerce filed.Mar 2, 2026Brief amicus curiae of Investor Choice Advocates Network filed.Mar 2, 2026Brief amicus curiae of The Cato Institute filed.Mar 2, 2026Brief amici curiae of Kalistratos Kabilafkas, et al. filed.Mar 2, 2026Brief amicus curiae of Washington Legal Foundation filed.Mar 2, 2026Brief amicus curiae of California Alternative Investments Association filed.Mar 2, 2026Brief amici curiae of Pacific Legal Foundation, et al. filed.Mar 2, 2026Brief amici curiae of Former Securities and Exchange Commission Attorneys filed.Mar 20, 2026Sealed material received electronically from the United States Court of Appeals for the Ninth Circuit and available with the Clerk. The remainder of the record is electronic and is available on PACER.
Mar 25, 2026Brief of respondent not accepted for filing. (To be resubmitted - March 27, 2026)
Mar 25, 2026Brief of respondent filed. (Distributed)Mar 30, 2026CIRCULATED
Apr 1, 2026Brief amici curiae of Remedies and Restitution Scholar Douglas Laycock, et al. filed. (Distributed)Apr 1, 2026Brief amicus curiae of Consumer Federation of America filed. (Distributed)Apr 1, 2026Brief amicus curiae of Better Markets, Inc. filed. (Distributed)Apr 10, 2026Reply of petitioner Ongkaruck Sripetch filed. (Distributed)Apr 20, 2026Argued. For petitioner: Daniel L. Geyser, Dallas, Tex. For respondent: Malcolm L. Stewart, Deputy Solicitor General, Department of Justice, Washington, D. C.
Jun 4, 2026Adjudged to be AFFIRMED. Gorsuch, J., delivered the opinion for a unanimous Court. Thomas, J., filed a concurring opinion.
Jul 6, 2026Judgment Issued.Recommended Citation: Sripetch v. Securities and Exchange Commission, SCOTUSblog, https://www.scotusblog.com/cases/sripetch-v-securities-and-exchange-commission/