Laws & RegulationsQuestion 25 of 100
Under the Uniform Securities Act, the statute of limitations for a purchaser to bring a civil suit for a violation is generally:
a.Ten years from the sale regardless of discovery
b.Unlimited
c.The earlier of two years after discovery or three years after the sale (subject to state variation)
d.Thirty days after the sale
Explanation
Civil liability suits are generally subject to a statute of limitations tied to discovery of the violation and the date of sale, commonly framed as two years after discovery or three years after the transaction, subject to state adoption. This limits stale claims. Exact periods can vary by state enactment.
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Related questions on this topic
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