S.286 - Stronger Enforcement of Civil Penalties Act of 2013

A bill to enhance civil penalties under the Federal securities laws, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to enhance civil penalties under the Federal securities laws, and for other purposes. as introduced.
  • Short: Stronger Enforcement of Civil Penalties Act of 2013 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
02/12/13
 
 
 
 
 
 
 

Official Summary

Stronger Enforcement of Civil Penalties Act of 2013 - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase the money penalties in administrative and civil actions involving securities

Official Summary

Stronger Enforcement of Civil Penalties Act of 2013 - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase the money penalties in administrative and civil actions involving securities laws violations. Prescribes a fourth tier penalty of triple monetary penalties for noncompliance with certain enforcement actions if the violator, within the five-year period preceding the prohibited act, was criminally convicted for securities fraud or became subject to a judgment or order imposing monetary, equitable, or administrative relief in any Securities and Exchange Commission (SEC) action alleging fraud by such violator. Applies the treatment as a separate offense each day that a violation of an SEC cease-and-desist order is committed through continuing noncompliance to violation of any action to enforce a federal court injunction or certain SEC orders that bar, suspend, place limitations on the activities or functions of, or prohibit the activities of, a person.

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