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Securities Fraud Enforcement and Investor Compensation Act of 2019

USA116th CongressS-799| Senate 
| Updated: 3/14/2019
Mark R. Warner

Mark R. Warner

Democratic Senator

Virginia

Cosponsors (1)
John Kennedy (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Securities Fraud Enforcement and Investor Compensation Act of 2019 This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment that a person gained through a securities law violation. It also allows the SEC to seek restitution for an investor's loss as a result of a securities law violation by a person registered as or associated with a securities dealer, broker, or other specified financial advisor. The bill establishes a 5-year statute of limitations for disgorgement and a 10-year statute of limitations for equitable remedies, including restitution.
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Timeline
Mar 14, 2019
Introduced in Senate
Mar 14, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 14, 2019
    Introduced in Senate


  • March 14, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 116-4344: Investor Protection and Capital Markets Fairness Act
  • S 116-2563: ILLICIT CASH Act
Civil actions and liabilityCriminal investigation, prosecution, interrogationFinancial services and investmentsFraud offenses and financial crimesSecurities

Securities Fraud Enforcement and Investor Compensation Act of 2019

USA116th CongressS-799| Senate 
| Updated: 3/14/2019
Securities Fraud Enforcement and Investor Compensation Act of 2019 This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment that a person gained through a securities law violation. It also allows the SEC to seek restitution for an investor's loss as a result of a securities law violation by a person registered as or associated with a securities dealer, broker, or other specified financial advisor. The bill establishes a 5-year statute of limitations for disgorgement and a 10-year statute of limitations for equitable remedies, including restitution.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 14, 2019
Introduced in Senate
Mar 14, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 14, 2019
    Introduced in Senate


  • March 14, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mark R. Warner

Mark R. Warner

Democratic Senator

Virginia

Cosponsors (1)
John Kennedy (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-4344: Investor Protection and Capital Markets Fairness Act
  • S 116-2563: ILLICIT CASH Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Civil actions and liabilityCriminal investigation, prosecution, interrogationFinancial services and investmentsFraud offenses and financial crimesSecurities