Uniform Securities Fraud Penalties Needed: US Atty

Law360, New York (February 16, 2011, 1:08 PM EST) -- The U.S. Attorney for the Southern District of New York urged the U.S. Sentencing Commission on Wednesday to tweak sentencing guidelines for securities fraud violations to meet Dodd-Frank Wall Street Reform and Consumer Protection Act mandates.

A strong sentencing policy that leads to consistent, tough and fair sentencing outcomes is critical to effective fraud enforcement, especially in the context of high-loss, large-scale fraud cases, U.S. Attorney Preet Bharara said in testimony before the commission.

District courts have been relying less on the guidelines, which are now...
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