Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. (Photo: Diego M. Radzinschi/ALM) 2nd Circuit Is Urged to Find SEC 'Tolling' Agreements Unenforceable
The novel argument, which takes aim at the validity of so-called tolling agreements allowing the SEC to extend the statutory five-year window for filing an enforcement action, has never before been offered in court, and very little has been written on the subject.
September 04, 2020 at 05:38 PM
6 minute read
In a proposed issue of first impression, the attorney for a New York stockbroker nabbed in a U.S. Securities and Exchange Commission enforcement action is asking a Manhattan-based appeals court to render a commonly used tool for extending the agency's investigations unenforceable in federal court.
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