Securities Fraud Statute of Limitations
The statute of limitations for securities fraud cases in federal court is typically five years from the date of the fraud or from the date the fraud should have been discovered.
This five-year time frame is set by the federal securities laws, including the Securities Exchange Act of 1934, which provides a private right of action for securities fraud. This means that individuals who have been harmed by securities fraud can bring a civil lawsuit against the person or entity that committed the fraud.
It's important to note that there are some exceptions to this five-year time frame. For example, in some cases, the statute of limitations may be tolled (or extended) if the fraud was concealed, or if the person committing fraud was in a position of trust or control over the victim.
It's always best to consult with an attorney to determine the specific statute of limitations for a particular case as it may vary depending on the jurisdiction, the specific facts of the case, and the type of claim.