CFTC commissioner seeks more time for penalty cases
Bart Chilton to ask Congress for extension of current five-year statute of limitations
Commissioner Bart Chilton at the US Commodity Futures Trading Commission (CFTC) has told Operational Risk & Regulation he will call for Congress to extend the current five-year statute of limitations for bringing civil penalty claims in the US against financial organisations.
This follows a decision on February 27 by the US Supreme Court to reject efforts by the Securities and Exchange Commission (SEC) to extend the limitations period.
In Gabelli v. Securities and Exchange Commission, the SEC
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