Sec. 215. Monetary sanctions to be used for the relief of victims
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Section 308(a) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7246(a) ) is amended to read as follows: If, in any judicial or administrative action brought by the Commission under the securities laws, the Commission obtains a monetary sanction (as defined in section 21F(a) of the Securities Exchange Act of 1934) against any person for a violation of such laws, or such person agrees, in settlement of any such action, to such monetary sanction, the amount of such monetary sanction shall, on the motion or at the direction of the Commission, be added to and become part of a disgorgement fund or other fund established for the benefit of the victims of such violation.
In this subsection, the term victim has the meaning given the term crime victim in section 3771(e) of title 18, United States Code. . Section 21F(a)(4)(A) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u–6(a)(4)(A) ) is amended by striking ordered and inserting required . The amendments made by this section apply with respect to any monetary sanction ordered or required to be paid before or after the date of enactment of this Act.
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- 15 USC 78u–6(a)(4)(A)
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Sec. 215
Monetary sanctions to be used for the relief of victims
Cite15 USC 78u–6(a)(4)(A)
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