Fair Funds and What It Means for Affected Investors
The Fair Funds concept was first established in the Sarbanes–Oxley Act of 2002.
The aim of the fund is for the U.S. Securities and Exchange Commission to compensate wronged investors and individuals who lost money due to fraud or illegal and unethical activities by entities.
More information can be found on the SEC website here: https://www.sec.gov/enforcement-litigation/rules-practice