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The SEC won judicial rulings ordering securities law violators to repay a total of $1.3 billion in ill-gotten gains in 2002. Virtually all of that money is supposed to be returned to the investors who were bilked by fraudsters, exploited by insider traders or misled by stock analysts. But of the $1.3 billion, the SEC has actually gathered only $57 million so far, according to the agency.
May 21, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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