SEC hopes to expand fraud statute of limitations to 10 years

08/19/2013 | Compliance Week

Sen. Jack Reed, D-R.I., is working with the Securities and Exchange Commission to create legislation that would increase to 10 years the agency's statute of limitations to bring fraud cases. Last year, the Supreme Court ruled that the clock starts ticking on these cases when the fraud occurs, not when the fraud is discovered, as the SEC argued.

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