The Securities and Exchange Commission’s record in the Supreme Court has not been strong the past few years.
The court limited the period during which the agency can pursue a fraud claim and required a case seeking disgorgement be filed within five years of the violation.
But the justices handed the S.E.C. a significant victory last month in Lorenzo v. S.E.C., affirming the agency’s authority to pursue fraud cases.
via The Supreme Court Hands the S.E.C. a Rare Win – The New York Times.
