扫码下载APP
及时接收最新考试资讯及
备考信息
SEC.804.STATUTE OF LIMITATIONS FOR SECURITIES FRAUD.
(a)IN GENERAL.-Section 1658 of title 28,United States Code,is amended-
(1)by inserting"(a)"before"Except"1473and
(2)by adding at the end the following:
"(b)Notwithstanding subsection(a),a private right of action that involves a claim of fraud,deceit,manipulation,or contrivance in contravention of a regulatory requirement concerning the securities laws,as defined in section 3(a)(47)of the Securities Exchange Act of 1934(15 U.S.C.78c(a)(47)),may be brought not later than the earlier of-
"(1)2 years after the discovery of the facts constituting the violation;or
"(2)5 years after such violation.".
(b)EFFECTIVE DATE.-The limitations period provided by section 1658(b)of title 28,United States Code,as added by this section,shall apply to all proceedings addressed by this section that are commenced on or after the date of enactment of this Act.
(c)NO CREATION OF ACTIONS.-Nothing in this section shall create a new,private right of action.
Copyright © 2000 - www.chinaacc.com All Rights Reserved. 北京正保会计科技有限公司 版权所有
京B2-20200959 京ICP备20012371号-7 出版物经营许可证 京公网安备 11010802044457号