The ________ is a federal statute that permits the SEC to obtain a civil penalty of up to three times the illegal benefits received from insider trading.

Question

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The Insider Trading Sanctions Act is a federal statute that allows the SEC to impose civil penalties against individuals who engage in insider trading. Under this law, the SEC can seek penalties of up to three times the illegal profits obtained from insider trading. The Securities Act, Securities Exchange Act, and SEC Rule 506 are all related to securities regulation, but they do not specifically address insider trading penalties.

The ________ Is a Federal Statute That Permits the SEC