Timbervest v. SEC

SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court:

U.S. Court of Appeals (D.C. Circuit)

Amicus Issue:

Whether the SEC can avoid the five-year statute of limitations applicable to punitive remedies by instead characterizing the remedies – including a cease and desist, disgorgement and prejudgment interest, and associational bars – as equitable and remedial, and not punitive.

Counsel of Record:

Gibson, Dunn & Crutcher LLP

Mark A. Perry

Other Amici:

None.