Code of Federal Regulations (Last Updated: May 6, 2024)

Title 17 - Commodity and Securities Exchanges

Chapter II - Securities and Exchange Commission

Part 201 - Rules of Practice

Subpart E - Adjustment of Civil Monetary Penalties

Table II to Subpart E - Civil Monetary Penalty Inflation Adjustments

Latest version.

U.S. Code citationCivil monetary penalty descriptionYear penalty amount was last
adjusted

Maximum penalty amount

pursuant

to 1996

adjustment

Adjusted maximum penalty amount

Securities and Exchange Commission:

15 USC 77t(d)For natural person1996$5,500$6,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses or risk of losses to others1996110,000120,000

For any other person/substantial losses or risk of losses to others1996550,000600,000

15 USC 78ff(b)Exchange Act/failure to file information documents, reports1996110110

15 USC 78ff(c)(1)(B)Foreign Corrupt Practices—any issuer199611,00011,000

15 USC 78ff(c)(2)(C)Foreign Corrupt Practices—any agent or stockholder acting on behalf of issuer199611,00011,000

15 USC 78u-1(a)(3)Insider Trading—controlling person19961,100,0001,200,000

15 USC 78u-2For natural person19965,5006,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses to others/gains to self1996110,000120,000

For any other person/substantial losses to others/gain to self1996550,000600,000

15 USC 78u(d)(3)For natural person19965,5006,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses or risk of losses to others1996110,000120,000

For any other person/substantial losses or risk of losses to others1996550,000600,000

15 USC 80a-9(d)For natural person19965,500$6,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses to others/gains to self1996110,000120,000

For any other person/substantial losses to others/gain to self1996550,000600,000

15 USC 80a-41(e)For natural person19965,5006,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses or risk of losses to others1996110,000120,000

For any other person/substantial losses or risk of losses to others1996550,000600,000

15 USC 80b-3(i)For natural person19965,5006,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses to others/gains to self1996110,000120,000

For any other person/substantial losses to others/gain to self1996550,000600,000

15 USC 80b-9(e)For natural person19965,5006,500

For any other person199655,00060,000

For natural person/fraud199655,00060,000

For any other person/fraud1996275,000300,000

For natural person/substantial losses or risk of losses to others1996110,000120,000

For any other person/substantial losses or risk of losses to others1996550,000600,000

                    
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