House Approves Bill Aiming To Boost SEC Powers

Law360, New York (September 12, 2008, 12:00 AM EDT) -- The U.S. House of Representatives has passed a bill that aims to strengthen investor protections and boost the enforcement powers of the U.S. Securities and Exchange Commission.

The Securities Act of 2008, H.R. 6513, was approved Thursday by a bipartisan voice vote.

Congressman Paul E. Kanjorski, D-Pa., who introduced the bill, touted a provision of the bill that raises maximum fines for those who commit securities fraud.

“As a result of the current turmoil in our capital markets, we must act once again to boost investor...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.