My latest piece on Legal Newsline:

WASHINGTON — The U.S. Supreme Court closed a loophole when it ruled in Kokesh v. SEC that the Securities and Exchange Commission is limited to a five-year statute of limitations even in disgorgement orders. But FINRA, the Financial Industry Regulatory Authority, may still consider that loophole wide open – giving regulators the opportunity to route cases to FINRA that would otherwise run afoul of the five-year limit.

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Categories: Securities