SEC Commissioner Says Current Caps On Fines Are Too Low

Law360, Washington (October 18, 2012, 6:51 PM EDT) -- Current limits on U.S. Securities and Exchange Commission misconduct fines don't allow the agency to impose penalties that are stiff enough to prevent initial wrongdoing or recidivism by individuals or companies, and the caps need to be revised, one of the regulator's top officials said on Thursday.

SEC Commissioner Luis Aguilar voiced support for the Stronger Enforcement of Civil Penalties Act of 2012 during Thursday's Securities Enforcement Forum in Washington, saying the bipartisan bill's drastically higher caps for individual and corporate fines could put more power...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.