SEC's Schapiro pushes to increase maximum penalties

10/15/2012 | Wall Street Journal/CFO Journal, The

Securities and Exchange Commission Chairman Mary Schapiro is supporting a bill that would allow the SEC to obtain larger penalties from companies. The current maximum is $725,000 for an entity accused of wrongdoing; the bill would raise the penalty per violation to $10 million for institutions and $1 million for individuals.

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