The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 granted the SEC the power to issue cease and desist orders and to impose civil penalties.

Name: The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 granted the SEC the power to issue cease and desist orders and to impose civil penalties.
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The Act expanded the SEC's enforcement powers, allowing it to issue cease and desist orders and impose civil penalties for violations of securities laws.