WASHINGTON—Wall Street’s top cop will have to make quicker work of finding fraud after the nation’s highest court ruled on Monday to limit its power to claw back ill-gotten gains. The Supreme Court, in an unanimous opinion written by Justice Sonia Sotomayor, said the Securities and Exchange Commission has five years to sue suspected wrongdoers after the fraud occurs. The case, Kokesh v. SEC, centered on a 2009 SEC lawsuit against...

Source: Wall Street Journal June 05, 2017 14:58 UTC