Misappropriations Of Funds In SEC Action Are ‘Discrete Violations,’ Panel Finds

Mealey's (March 6, 2018, 1:52 PM EST) -- DENVER — A defendant’s misappropriations of funds in a securities enforcement action constitute “discrete violations,” and the Securities and Exchange Commission properly brought its action against the defendant within the five-year statute of limitations, a 10th Circuit U.S. Court of Appeals panel ruled March 5 on remand from the U.S. Supreme Court (Securities and Exchange Commission v. Charles R. Kokesh, No. 15-2087, 10th Cir.)....