Federal legislation enacted to provide the Securities and Exchange with more power relating to the enforcement of rules on company officers that have been deemed unfit based on past actions. Under this act, civil penalties may be assessed to recoup any losses that were absorbed due to the inability of the officer to operate the securities entity in a fit manner.

Related information about Securities Law Enforcement Remedies Act of 1990:

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   <(12)> See House Comm. on Energy & Commerce, The Securities Law Enforcement Remedies Act of 1990, H.R. Rep. No. 616, 101st Cong., 2d Sess. 13 -24 ...
    
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   See The Securities Law Enforcement Remedies Act of 1990, S. REP. No. 101-. 337, 101st Cong. (1990). Originally, there were three tiers of maximum penalty ...