Tag Archives: Kokesh v. Securities and Exchange Commission

Court Applies Five-Year Limitations Period to SEC Disgorgement Actions

In Kokesh v. Securities and Exchange Commission, the SEC sought to force Kokesh to disgorge millions he had misappropriated from various businesses from 1995 to 2009. While the Supreme Court had long held that a five-year limitations period applied to any SEC “action, suit or proceeding for the enforcement of any civil fine, penalty, or forfeiture,” the district court held... Read More >