Disgorgement power expanded: directs wrongful gains and avoided losses to be returned for contraventions under securities law. Section 11B is amended to state that the power to issue directions includes the authority to require any person who made profit or averted loss by ... Summary
Disgorgement power expanded: directs wrongful gains and avoided losses to be returned for contraventions under securities law.
Section 11B is amended to state that the power to issue directions includes the authority to require any person who made profit or averted loss by contravening the Act or its regulations to disgorge an amount equivalent to the wrongful gain or loss avoided.
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