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Browse: Home / 2013 / February / 27 / High court limits SEC authority to seek penalties – Reuters

High court limits SEC authority to seek penalties – Reuters

By Securities Docket on February 27, 2013, 4:14 pm

The U.S. Supreme Court on Wednesday limited the authority of the Securities and Exchange Commission to seek civil penalties over conduct that occurred more than five years before investigators took action.

The nine-member court ruled by a unanimous vote that the five-year clock for the government to act on fraud begins to tick when the fraud occurs, not when it is discovered.

via High court limits SEC authority to seek penalties — Reuters

Posted in SEC, Top | Tagged Appellate, Statute of Limitations

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