The question the Court agreed to resolve is: “Whether the Securities and Exchange Commission may seek and obtain disgorgement from a court as ‘equitable relief’ for a securities law violation even though this Court has determined that such disgorgement is a penalty.” The case will be heard later this term.
LexBlog has an excellent analysis - https://www.lexblog.com/2019/11/05/remedies-in-sec-enforcement-actions-the-end-of-disgorgement/