On the recordJune 18, 2019
According to then-SEC Chairwoman Mary Schapiro, the Commission's statutory authority to obtain civil monetary penalties with appropriate deterrent effect is limited in many circumstances.
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congress.govAccording to then-SEC Chairwoman Mary Schapiro, the Commission's statutory authority to obtain civil monetary penalties with appropriate deterrent effect is limited in many circumstances.
Porter references Schapiro's statement on the limitations of the SEC's authority regarding penalties.
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