Regulatory Alerts2017-01-18 | 2017-00421Added
Securities and Exchange Commission Adjustments to Civil Monetary Penalty Amounts
The Securities and Exchange Commission adopted a final rule to implement the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 by performing the first annual inflation adjustment for civil monetary penalties. This rule updates maximum penalty amounts for violations under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and certain provisions of the Sarbanes-Oxley Act. The adjusted penalties apply to violations occurring after November 2, 2015, and are effective as of January 18, 2017.
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