This came up with another penny-stock scam (TEUM). The order was that the funds go to the U.S. Treasury general fund.  My understanding is that it must be ordered to go into something specifically called a "Fair Fund" for any distribution.

 

Fair Funds and Disgorgement Funds: “When the SEC brings a successful enforcement action, the court or the SEC may order a wrongdoer to disgorge (give up) the ill-gotten gains resulting from the illegal conduct. The disgorged funds may be distributed to investors who were harmed by securities law violations. In addition, the court or the SEC may impose a monetary penalty both to punish the guilty party and to deter others from committing similar misconduct. A monetary penalty may only be distributed to investors if the court or the SEC orders that any penalty collected be placed in what is called a “Fair Fund” for distribution to investors who were harmed by the violation(s).”

 

Since there was no mention of "Fair Fund" I think we can assume the funds go to the government. In any case, this clown did it to so many companies that TURV's piece would only be a microscopic portion. Sorry