The SEC and Courts May Consider Events Outside the Five Year Statute of Limitations in Crafting Enforcement Sanctions
The SEC and Courts May Consider Events Outside the Five Year Statute of Limitations in Crafting Enforcement Sanctions07.02.2014
By Andrew Dorman and Chetan Patil, Reminger Co., L.P.A.
As a result of the 2008 financial crisis, industry oversight and regulation by the Securities and Exchange Commission ("SEC") has increased significantly. One aspect of this oversight has focused on a firm or individual's duty to ensure overall compliance, which is a distinct obligation under federal securities laws. The importance of complying with FINRA and SEC rules was underscored by a recent court ruling that broadened the scope of potentially sanctionable activity to past supervisory violations. Read More…
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Written by CalSurance Team Published July 2014