Sen. Reed considers plan to double SEC statute of limitations

08/14/2013 | Reuters

Sen. Jack Reed, D-R.I., is working on a bill that would double the Securities and Exchange Commission's statute of limitations from five to 10 years, according to one of his staffers. "Securities cases can be exceedingly complex," Reed said in a statement. "If the SEC has a strong case that would serve to protect investors and those who do business appropriately, it would be a shame if a short statute of limitations were the reason for a case not being brought."

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