Five Years Is Enough For A Civil Penalty Assessment: No "Discovery Of Violation" Rule For The SEC Under 28 § U.S.C. 2642
15 May 2007
Mayer Brown Article
23 April 2007 - Each year, numerous civil enforcement proceedings are commenced by the Securities Exchange Commission ("SEC") in Federal district courts. Often these cases settle quickly without significant pre-trial motions or civil trials. But increasingly, SEC enforcement actions are contested by civil defendants and litigated in Federal courts. This is especially true of SEC civil enforcement proceedings brought against individuals.