U.S. Court of Appeals for the Second Circuit 2nd Circuit Rejects Jurisdictional Challenge in Upholding SEC Tolling Agreements
The ruling said the agreements, which are generally seen as beneficial to both sides of SEC investigations, did not run afoul of the five-year statute of limitations for bringing enforcement actions, and thus could be enforced in federal court.
July 22, 2021 at 04:15 PM
4 minute read
A unanimous panel of the U.S. Court of Appeals for the Second Circuit on Thursday rejected a former New York trader's challenge to the U.S. Securities and Exchange Commission's use of tolling agreements, upholding a commonly used tool for extending agency probes.
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