WASHINGTON -- Legislation was introduced in the Senate this week that would give investors five years to file a securities fraud case rather than the three-year limit imposed by the Supreme Court last month.

The Securities Investor Protection Act would give an investor two years after he or she knew or should have known about a securities violation to file a fraud suit, but no later than five years from the date of violation.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.