Respuesta :
Insider Trading Sanctions Act is a federal statute that permits the securities and exchange commission (SEC) to obtain a civil penalty of up to three times the illegal benefits received from insider trading.
The Insider Trading Sanctions Act of 1984 amends the Securities Exchange Act of 1934 to allow the Securities and Exchange Commission to request a court order in a district court action requiring the violator, or anyone who helped them commit the violation, to pay a civil penalty of up to three times the profit they made or loss they avoided as a result of the illegal activity.
In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC's main goal is to uphold the law against market manipulation.
The Securities and Exchange Commission ensures accurate and complete disclosure of information about securities. These actions led to the creation of the SEC. Congress authorized the creation of the SEC in 1934 to oversee the newly structured securities sector, enforce the securities laws, and safeguard investors.
To know more about the Securities and Exchange Commission refer to: https://brainly.com/question/28066418
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