U.S. Supreme Court (Photo: J. Scott Applewhite/AP)
On Tuesday, the U.S. House of Representatives passed The Investor Protection and Capital Markets Fairness Act, H.R. 4344, intended to "substantially strengthen" the Securities and Exchange Commission's (SEC's) authority to recover the wrongful gains of securities law violators.
The bill, introduced by Rep. Ben McAdams, D-Utah and passed by a 314-95 vote, would codify the SEC's authority to seek the return, or disgorgement, of ill-gotten gains and would set a 14-year statute of limitations for the agency to do so.
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
