U.S. Securities and Exchange Commission headquarters in Washington, D.C. Photo: Diego M. Radzinschi/ALM 'Flabbergasted' Judge Signals That 2nd Circuit May Take Up Jurisdictional Challenge to SEC Tolling Agreements
Some observers say there is a risk of at least temporarily eliminating a tool that has been generally useful for both the SEC and defendants.
June 03, 2021 at 03:00 PM
4 minute read
The U.S. Court of Appeals for the Second Circuit signaled Thursday that it may fully address, for the first time, the question of whether a decades-old change to federal law rendered a commonly used tool for extending U.S. Securities and Exchange Commission investigations unenforceable in federal court.
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