Federal Right of Rescission

01-08-2009, 09:51 PM

cfspartan

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Join Date: May 2007

Posts: 22

Federal Right of Rescission

What is the name of your state (only U.S. law)? Florida (purchaser) Wyoming (issuer)

If one were to discover that a security was improperly offered (i.e. not registered), there is a Federal right of rescission available to the purchaser of the security within one year. When does the one year clock begin? At the time of purchase or at the time that the purchaser became aware of the security being improperly registered (or not registered at all)?

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