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Higher Penalties for Securities Fraud and Violations

This act increases financial penalties for violations of securities laws, including fraud and manipulation. It aims to better protect investors and enhance accountability for individuals and companies engaging in dishonest practices in the financial market. The new provisions also introduce stricter consequences for repeat offenders and for breaking court orders.
Key points
Significantly raises maximum monetary penalties for fraud and other serious securities market violations, aiming to deter dishonest practices.
Introduces a special, higher penalty category for individuals and companies involved in fraud, manipulation, or deliberate disregard of regulations, especially when substantial losses or gains resulted.
Triples penalties for repeat offenders, defined as those previously convicted of securities fraud or subject to fraud-related court orders within the last five years.
Establishes that each separate violation of a court injunction or SEC order is a distinct offense, with each day of continuous non-compliance counting as a separate offense.
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Expired
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Additional Information
Print number: 117_S_2147
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2021-06-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stronger Enforcement of Civil Penalties Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2147.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-21.

What are the main provisions?

Key points include:

  • Significantly raises maximum monetary penalties for fraud and other serious securities market violations, aiming to deter dishonest practices.
  • Introduces a special, higher penalty category for individuals and companies involved in fraud, manipulation, or deliberate disregard of regulations, especially when substantial losses or gains resulted.
  • Triples penalties for repeat offenders, defined as those previously convicted of securities fraud or subject to fraud-related court orders within the last five years.
  • Establishes that each separate violation of a court injunction or SEC order is a distinct offense, with each day of continuous non-compliance counting as a separate offense.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Reed, Jack [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Courts and Law Economy