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Senate bill would boost penalties on Wall Street securities law violations
Two senators are introducing bipartisan legislation that would give regulators more power to crack down on securities laws violations.
Sens. Jack Reed (D-R.I.) and Chuck Grassley (R-Iowa) are offering a bill that would allow the Securities and Exchange Commission (SEC) to substantially increase fines for misbehavior, directly link the size of the penalties to the scope of harm of investor losses and raise the financial stakes for repeat offenders.
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