United States Supreme Court

The five-year statute of limitations in 28 U.S.C. section 2462, the general statute of limitations for civil penalty actions, including an SEC enforcement action for civil penalties pursuant to the Investment Advisers Act that is at issue here, begins to run when the fraud occurs, not when it is discovered.

Appellate Information

• Decided 02/27/2013
• Published 02/27/2013

Judges

• ROBERTS

Court

• United States Supreme Court

Counsel