On March 14, 2019, Senators Mark R. Warner, a Democrat from Virginia and John Kennedy, a Repuplican from Louisiana, introduced the Securities Fraud Enforcement and Investor Compensation Act, a bipartisan bill that would empower the U.S. Securities and Exchange Commission ("SEC") to seek restitution for investors harmed by securities fraud. Many investors do not realize that under current law, the SEC often does not have the ability to make investors whole, because it is only authorized to seek disgorgement of profits from wrongdoers, not restitution of the full amount of damages that they inflict upon investors.
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