House Members, Regulators Seek Changes to SEC-Boosting Legislation

Hume, Lynn
June 2003
Bond Buyer;6/6/2003, Vol. 344 Issue 31651, p6
Trade Publication
U.S. House panel members and state securities regulators raised concerns on June 5, 2003 about provisions of a bill that would strengthen the Securities and Exchange Commission's (SEC) enforcement powers and increase its ability to return more funds to defrauded investors. One of its proposed provisions would exclude SEC securities fraud judgments from state law property exemptions, so that violators of the securities laws could not shield their money from regulators and defrauded investors by putting it into huge mansions or estates, which are protected by state homestead laws that exempt property from creditors.


Related Articles

  • The GOP's Plan in the House.  // Investment Advisor;Mar2011, Vol. 31 Issue 3, p18 

    The article reports on the different investment issues that will be discussed by the House Financial Services Committee headed by Representative Spencer Bachus in the 112th Congress in the U.S. The committee aims to monitor the Securities and Exchange Commission's (SEC) restructuring effort to...

  • Hill Republicans strive to rein in SEC's regulatory powers.  // Hill;5/6/2013, Vol. 20 Issue 51, p17 

    The article reports that the U.S. House of Representatives would tackle the Securities and Exchange Commission Accountability Act, which would require the agency to undertake cost-benefit analyses to ensure that the results of any rules would outweigh the expenses in implementing them.

  • TEXAS: Obeying the SEC. Albanese, Elizabeth // Bond Buyer;1/22/2002, Vol. 339 Issue 31308, p37 

    Reports on the plans of two former Arlington City Council members to close their investment management business as a result of securities fraud lawsuit by the U.S. Securities and Exchange Commission. Allegations against companies involved in the fraud.

  • Dates set for SEC trials in cases over '93, '94 deals in Orange County. Hume, Lynn // Bond Buyer;01/26/99, Vol. 327 Issue 30565, p25 

    Focuses on United States Securities and Exchange Commission's (SEC) disclosure-related enforcement case against five issuers in Orange County, California. Small cities and school districts' determination to fight SEC charges; Violation of securities fraud laws through negligence.

  • SEC charges 3 issuers, others over land-backed deals. Marois, Michael B.; Hume, Lynn Stevens // Bond Buyer;02/04/98, Vol. 323 Issue 30324, p1 

    Reports on the US Securities & Exchange Commission's (SEC) securities fraud charges against three small central California issuers of land-backed bonds. SEC action against a financial adviser and real estate appraiser for defrauding investors who bought Mello-Roos and Marks-Roos bonds issued...

  • Financial shell game in Florida County sparks SEC charges. Reynolds, Katherine M. // Bond Buyer;09/30/97, Vol. 321 Issue 30241, p6 

    Reports on the securities dealers in Escambia County, Florida charged with fraud by the US Securities & Exchange Commission (SEC). Excess markups made by the charged dealers; Start of public administrative proceedings against the dealers.

  • Mississippi localities settle; lawyer sued in SEC case. Hume, Lynn Stevens; McKenna, Jon // Bond Buyer;07/14/98, Vol. 325 Issue 30434, p1 

    Reports on the United States Securities and Exchange Commission's settlement of securities fraud charges against 38 counties, cities and town in Mississippi for failure to disclose the risk that 73 municipal note issues were not tax-exempt. Terms of the settlement; Attempt to maintain the...

  • SEC Brief Blasts Miami Officials. Hume, Lynn; Sigo, Shelly // Bond Buyer;05/23/2000, Vol. 332 Issue 30897, p1 

    Reports on the securities fraud case filed by the United States Securities and Exchange Commission (SEC) against Miami, Florida. Inability of the city to be responsible about its bond holders; Brief filed by the SEC.

  • ... Blotter... Gleeson, Jerry // REP.;Nov2012, Vol. 36 Issue 11, p18 

    The article offers information on the bad performance of .44 Magnum Leveraged Financing Program in which the U.S. Securities and Exchange Commission (SEC) showed securities fraud.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics