But in a world where any sort of government oversight and sniffing into the truth is hampered by limited resources and complex investigation, it essentially lets folks involved in fraud duck a bullet by simply running out a relatively short clock.
Of course, Congress could alleviate the problem by changing the law to allow longer statute of limitations for suing for fraud in these cases. What do you think the chances of that are these days?
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Supreme Court defines time limits for SEC to pursue civil cases
Court says the clock starts ticking when the violation takes place, not when it’s discovered.