Senator Jack Reed

New Bill Could Increase SEC’s Statute of Limitations from 5 to 10 years

By Tom Costello of Costello Law Group Senator Jack Reed, D-R.I., has introduced a new bill in response to the Supreme Court’s decision in Gabelli v. SEC. The bill proposes that the statute of limitations applicable to Securities and Exchange Commission (SEC) enforcement actions be lengthened from five years to ten years. In Gabelli v. […]

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