Supreme Court Finds No Fraud Exception to Five-Year Statute of...

The U.S. Supreme Court's recent decision in Gabelli v. Securities Exchange Commission rejects an attempt by the Securities and Exchange Commission to extend a statute of limitations by invoking a "discovery rule." The SEC had proposed that, in an action by the SEC to impose a civil penalty for securities fraud, the time to bring an action should ... (more)



http://www.jdsupra.com/legalnews/supreme-court-finds-no-fraud-exception-t-72721/