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.
Status:
Expired
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