Limit SEC investigations to two years
The document says “should”Who acts: CongressHow: legislationIn: Securities and Exchange Commission and Related Agencies · David R. Burtonp. 833 in the PDF
What the document says“Statutorily limit the time for an investigation to two years with no extensions.”
The part says long investigations harm private parties and the quality of justice, and that with adequate management the Commission should not need more than two years even for complicated matters.
What the document actually says“Statutorily limit the time for an investigation to two years with no extensions.”
That sentence, in plain words
Put a two-year cap in law. No extra time allowed.
What this is about
The market watchdog can investigate a firm for years. The book says that is unfair to the firm. It wants a two-year limit.
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