What are statutes of limitation?
Statutes of limitation are the rules of law governing the period of time during which a claim must be filed. Statutes of limitation are different for each type of complaint or cause of action. Statutes of limitation also may differ between federal law and from state to state depending on the issue. Since securities fraud may be very difficult to discover and years may pass after the initial investment before the customer realizes that he has been defrauded, statutes of limitations are often very important in stockbroker/customer disputes. An experienced attorney should be consulted in order to evaluate statute of limitation issues.
