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Major Increase in Penalties for Securities Fraud and Financial Misconduct.

This Act significantly raises the civil monetary penalties imposed on individuals and companies that violate federal securities and investment advisory laws. The goal is to better protect investors by creating a stronger deterrent against fraud, manipulation, and reckless disregard of regulations. It also establishes special, tripled penalties for repeat offenders.
Key points
Maximum fines for securities and investment violations are substantially increased, reaching up to $1 million for individuals and $10 million for entities in the most severe cases.
A 'Fourth Tier Penalty' is introduced: repeat offenders convicted of securities fraud within the last 5 years face penalties three times the standard maximum amount.
Violating a court injunction or a Commission order (like a bar on activities) will be treated as a separate offense for each day of non-compliance.
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Expired
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Additional Information
Print number: 118_S_837
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2023-03-16
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stronger Enforcement of Civil Penalties Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_837.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-16.

What are the main provisions?

Key points include:

  • Maximum fines for securities and investment violations are substantially increased, reaching up to $1 million for individuals and $10 million for entities in the most severe cases.
  • A 'Fourth Tier Penalty' is introduced: repeat offenders convicted of securities fraud within the last 5 years face penalties three times the standard maximum amount.
  • Violating a court injunction or a Commission order (like a bar on activities) will be treated as a separate offense for each day of non-compliance.
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 2025-12-27.

CATEGORIES

Economy Courts and Law