Competitive impurities in securities: The Tipline for 23 June 2020

The Securities and Exchange Commission ran away with the antitrust news cycle yesterday. The Supreme Court upheld the SEC’s disgorgement powers on Monday morning, signalling that the Federal Trade Commission's ability to recoup ill-gotten gains likely remains safe. Later in the day, assistant attorney general Makan Delrahim and SEC chair Jay Clayton teamed up – in person – to present ramped-up cooperation between the two agencies.

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