House Passes Bill Extending Time SEC Has to Recoup Money from Fraudsters

The U.S. House of Representatives has approved a bill granting the SEC more time to recover money from fraudsters.

The Investor Protection and Capital Markets Fairness Act would give the SEC up to 14 years to bring cases and recoup money for victims of financial abuse, according to a press release from Rep. Ben McAdams, D-Utah, who had introduced the bill with Rep. Bill Huizenga, R-Mich.

The House voted 314-95 in favor of the bill, according to Bloomberg Law.

via Financialadvisoriq – House Passes Bill Extending Time SEC Has to Recoup Money from Fraudsters.