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WASHINGTON (AP) — The U.S. Supreme Court has preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.The justices said by an 8-1 vote Monday that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement.Last year, the SEC obtained .2 billion in repayment of profits from people who have been found to violate securities law.Justice Sonia Sotomayor wrote for the court that the award must be limited to no more than “a wrongdoer’s net profits."Justice Clarence Thomas dissented. 581

WASHINGTON (AP) — The U.S. Supreme Court has preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.The justices said by an 8-1 vote Monday that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement.Last year, the SEC obtained .2 billion in repayment of profits from people who have been found to violate securities law.Justice Sonia Sotomayor wrote for the court that the award must be limited to no more than “a wrongdoer’s net profits."Justice Clarence Thomas dissented. 581

WASHINGTON (AP) — The nation's top military officer says it was a mistake for him to have been in Lafayette Square with President Donald Trump last week.Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, says his presence “created a perception of the military involved in domestic politics.” He called it “a mistake” that he has learned from.Milley made the comments during a virtual graduation ceremony for National Defense University on Thursday.“As many of you saw, the result of the photograph of me at Lafayette Square last week, sparked a national debate about the role of the military in civil society,” he said. “I should not have been there.”Milley and Defense Secretary Mark Esper walked from the White House to Lafayette Square with Trump and others on June 1 amid street protests, and the president posed for photographers holding up a Bible in front of St. John's Episcopal Church. 913

WASHINGTON, D.C. – A powerful memorial in Washington D.C. honored the more than 210,000 Americans who have lost their lives to COVID-19.The group COVID Survivors for Change organized the memorial, which featured 20,000 empty chairs on the lawn across from the White House. Each seat represented less than a tenth of those killed by the coronavirus in the U.S.The founder of the group, Chris Kocher, told CNN that organizers wanted to bring attention to the sheer size of the loss six months into the pandemic and highlight the country’s “lack of acknowledgment.”The event was held on Sunday, which the group declared a National Day of Remembrance.During the event, attendees listened to stories of people who have lost loved ones to the coronavirus. Grammy Award-winner and former U.S. Ambassador for Health Dionne Warwick hosted.“The loss of lives has grown daily, leaving us all directly or indirectly affected by this disease,” Warwick said. “It takes all of us to raise our voices — we know we can’t always rely on the folks in charge to hear us unless we say it loudly and clearly.”Organizers and speakers hope the event encourages lawmakers to develop a national plan for safety and recovery, CBS News reports.The event was organized before President Donald Trump was diagnosed with COVID-19 himself. He and several others have tested positive after attending the announcement ceremony for Supreme Court nominee Amy Coney Barrett. 1444

WASHINGTON (AP) — President Donald Trump says he opposes additional funding for the U.S. Postal Service, acknowledging that his position would starve the agency of money Democrats say it needs to process an anticipated surge in mail-in ballots during the coronavirus pandemic.The Republican president said Thursday on Fox Business Network’s “Mornings with Maria” that among the sticking points over a new virus relief package were Democrats’ demand for billions of dollars to assist states in protecting the election and to help postal workers process mail-in ballots.Trump said Democrats are asking for .5 billion for universal mail-in voting and billion for the Postal Service“They need that money in order to have the post office work so it can take all of these millions and millions of ballots,” Trump said in the call-in interview. “If they don’t get those two items, that means you can’t have universal mail-in voting because they’re not equipped to have it.” 980