Federal Register: SEC Adopts Interim Final Rule Adjusting for Inflation Federal Civil Monetary Penalties

The SEC adopted an interim final rule that will adjust for inflation the maximum amount of civil monetary penalties that may be imposed for violations of the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940 and the Investment Advisers Act of 1940, as well as certain penalties under the Sarbanes-Oxley Act of 2002. The interim final rule was published in the Federal Register.

The interim final rule will become effective on August 1, 2016. Comments on the interim final rule must be received by August 15, 2016.