Supreme Court hints it's not on SEC's side in fraud case

01/8/2013 | Reuters · Wall Street Journal, The

The U.S. Supreme Court indicated Tuesday that it does not think the Securities and Exchange Commission needs a longer time frame to pursue civil penalties in fraud cases. The SEC argues that the five-year statute of limitations shouldn't start until the agency can reasonably detect the alleged crime, while the court appeared to be leaning toward saying that the clock starts when the offense occurs.

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Reuters · Wall Street Journal, The

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