Supreme Court To Review Limitations On SEC Disgorgement

Law360, New York (January 13, 2017, 2:55 PM EST) -- The U.S. Supreme Court agreed Friday to review whether the U.S. Securities and Exchange Commission is subject to time limits when seeking ill-gotten gains, taking up a New Mexico investment adviser's appeal of an issue that has split the circuits.

The justices agreed to grant investment adviser Charles R. Kokesh's petition for writ of certiorari over a Tenth Circuit decision finding the five-year statute of limitations on civil penalties doesn't apply to an order requiring Kokesh to disgorge $35 million in interest, after both Kokesh and the SEC itself encouraged the high court to consider the issue. A decision in the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!