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United States Leading Case limitation periodsgrounds illegality

Gabelli v SEC

568 U.S. 442 (2013)
JurisdictionUnited States
CourtUS Supreme Court
Year2013
StatusBinding authority

Summary

The discovery rule does not apply to SEC enforcement actions seeking civil penalties; the 5-year statute of limitations under 28 U.S.C. § 2462 runs from the date of the violation, not its discovery.

Key Principle

Discovery rule does not apply to SEC enforcement actions seeking civil penalties; 5-year statute of limitations runs from violation not discovery

Area of Law

securities

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