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Tuesday, March 12, 2013 5:46:18 AM
SEC testing customized punishments
By Aruna Viswanatha
WASHINGTON (Reuters) - The Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite.
Criticized for its traditional practice of a broad ban on wrongdoers breaking securities law again, the SEC is testing injunctions that specifically bar certain behavior, such as giving advice to pension funds or profiting from presenting investment seminars.
SAMPLE PUNISHMENTS -
MORE - http://finance.yahoo.com/news/sec-testing-customized-punishments-090255960.html?l=1
By Aruna Viswanatha
WASHINGTON (Reuters) - The Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite.
Criticized for its traditional practice of a broad ban on wrongdoers breaking securities law again, the SEC is testing injunctions that specifically bar certain behavior, such as giving advice to pension funds or profiting from presenting investment seminars.
SAMPLE PUNISHMENTS -
MORE - http://finance.yahoo.com/news/sec-testing-customized-punishments-090255960.html?l=1
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