Disgorgement

Disgorgement is an order to give up gains obtained from unlawful conduct. It is remedial rather than punitive, which is why it is tracked separately from civil penalties: adding the two together and calling the result a fine double-counts the harm.

law and enforcement · updated 2026-11-06

See also

• Civil monetary penalty — A civil monetary penalty is a punitive fine imposed by a regulator or court, distinct from disgorgement of gains. Statutory tiers …
• Prejudgment interest — Prejudgment interest is the time value of disgorged gains between the conduct and the judgment. It is a component of monetary reli…

Terms that refer here

Aggregation · Civil monetary penalty · Fair fund · Prejudgment interest · Restitution

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