Senate bill to increase penalties for securities scofflaws

WASHINGTON, April 8, 2017 – A bipartisan group of U.S. Senators wants to increase the penalties on securities scofflaws. A bill entitled “The SEC Penalties Act” was released at the end of March and was co-sponsored by Iowa Republican Chuck Grassley, Rhode Island Democrat Jack Reed, North Dakota Democrat Heidi Heitkamp, and Vermont Democrat Pat Leahy.…