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News March 25, 2019 Issue

Senate Bill Would Allow SEC to Seek Restitution Going Back 10 Years

A bipartisan bill introduced in the U.S. Senate March 14 would go at least part of the way toward redressing the Supreme Court judgment that limited disgorgement to a five-year statute of limitations. The bill would provide the SEC with the authority to seek restitution for investors harmed by fraudsters and allow the agency to go back 10 years in pursuing such actions.

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