Whether the decision of the Ninth Circuit requiring petitioners to disgorge funds they raised and disbursed to unrelated third parties, but never personally received, complies with this Court's mandate in Liu v. SEC

QUESTIONS PRESENTED 1. Whether the decision of the Ninth Circuit requiring petitioners to disgorge funds they raised and disbursed to unrelated third parties, but never personally received, complies with this Court’s mandate in Liu v. SEC, 140 S. Ct. 1936 (2020). 2. Whether, as the Second, Third, Sixth, and Ninth Circuits hold, the mandate of a court of appeals limits the jurisdiction of a district court on remand; or whether, as the First, Fifth, Tenth, and Federal Circuits hold, compliance with the mandate is a procedural requirement but not a jurisdictional one.