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)
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http://www.jdsupra.com/post/documentViewer.aspx?fid=d2c7565d-0ede-4ea3-9418-234f4c28e2fb
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