Under the Sarbanes-Oxley Act of 2002, the SEC can distribute disgorgement money and money from civil fines to the victims of securities law violations through theFair Funds for Investors.6The Dodd-Frank Act of 2010 expanded the SEC's authority to impose civil penalties through its in-house adm...
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SEC fines Wells Fargo, Merrill Lynch $60 million over cash sweep violations Posted Date: Tuesday, January 21, 2025 The Securities and Exchange Commission levied $60 million in civil penalties against Wells Fargo and Merrill Lynch for alleged failures related to their cash sweep programs. Specifica...
structure for operating our business do not comply with PRC laws and regulations, or if these laws and regulations change or their interpretations change are interpreted differently in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations....
TheU.S. Securities and Exchange Commissionassessed a record $6.4 billion in fines and ill-gotten gains as it picked up the pace of enforcement in fiscal 2022, the agency said in an annual report on Wednesday. The total assessed included a record $4.2 billion in civil penalties, up ...
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Here are the most common penalties sought by the SEC's Division of Enforcement: Bans and suspensions: The SEC can seek to bar or suspend individuals from the securities industry. It's often a career death penalty in the sector. Civil fines: These aremonetary penaltiesthat the SEC seeks again...
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Brokers to pay huge fines SEC announces $1.4 billion in penalties for biased ratings SEC announces $1.4 billion in penalties for biased ratingsAssociated Press