US Proposes Tougher Sentences For Securities Fraud

Law360, New York (January 19, 2012, 11:05 PM EST) -- The U.S. Sentencing Commission on Thursday proposed amending the federal sentencing guidelines to include tougher penalties for insider trading and financial institution fraud.

Following a directive from the Dodd-Frank Wall Street Reform and Consumer Protection Act to re-evaluate the sentencing guidelines for fraud offenses, the commission proposed an enhancement of two sentencing levels for sophisticated insider trading offenders and an enhancement of four levels for financial institution fraud that involves specific types of financial harms, such as jeopardizing the institution.

In addition, the proposed amendment calls...
To view the full article, register now.