( October 29, 2025, 9:05 AM EDT) -- WASHINGTON, D.C. — A man subject to a civil action by the Securities and Exchange Commission, as well as a criminal action, for his part in an alleged securities fraud scheme has asked the U.S. Supreme Court to determine whether federal securities laws allow the SEC and a district court to use the commission’s general equitable authority to order a receivership that will seize every entity owned by a defendant that even slightly benefited from the defendant’s allegedly illegal acts....