Shorter Clock on SEC's FCPA Enforcement Actions

The FCPA Blog
03.04.13
In this article, Leila Babaeva discusses the recent Supreme Court decision in Gabelli v. SEC. In the ruling, the Supreme Court sided with the trial court, and held that the five-year statute of limitations begins when the fraud occurs, not when it is discovered. This decision has significant implications for how the SEC conducts its FCPA investigations, and stands to influence the Commission’s approach to enforcement going forward.
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