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Disgorgement is a remedy requiring a party who profits from illegal or wrongful acts to give up any profits they made as a result of that illegal or wrongful conduct. The purpose of this remedy is to prevent unjust enrichment and make illegal conduct unprofitable.

As seen in SEC v. First Jersey Securities, Inc, district courts have wide discretion over whether they will mandate disgorgement in a given case as well as how much money must be disgorged. 

[Last updated in September of 2022 by the Wex Definitions Team]