High Court Hears Oral Arguments In Appeal Of SEC Enforcement Action Ruling

(April 18, 2017, 4:24 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on April 18 heard oral arguments in an appeal of a 10th Circuit U.S. Court of Appeals ruling that determined that disgorgement is not a penalty or forfeiture pursuant to 28 U.S. Code Section 2462, U.S.C. § 2462, and thus, is not subject to a five-year statute of limitations (Charles R. Kokesh v. Securities and Exchange Commission, No. 16-529, U.S. Sup.)....

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