In the Margins

Senate bill would bump up SEC penalties

March 31, 2017

By InvestmentNews

A bipartisan bill introduced Thursday in the Senate would allow the Securities and Exchange Commission to impose a maximum $1 million penalty on individuals per violation for the most serious offenses and a maximum $10 million per violation on financial firms. Those levels would be an increase from the current $181,071 for individuals and $905,353 for firms. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Compensation
IDC study: Director pay up more than 5% in 2022

Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of ...