The United States Sentencing Commission is considering promulgating certain amendments to the sentencing guidelines, policy statements, and commentary. With respect to the Dodd-Frank Act the action includes:
- An issue for comment in response to the issue of harm to the public and financial markets, as raised by each of two directives to the Commission in section 1079A of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203;
- a proposed change to § 2B1.4 (Insider Trading) to implement the directive in section 1079A(a)(1) of the Dodd-Frank Act, and related issues for comment on insider trading, securities fraud, and similar offenses;
- proposed changes to § 2B1.1 (Theft, Property Destruction, and Fraud) regarding mortgage fraud offenses to implement the directive in section 1079A(a)(2) of the Dodd-Frank Act, and a related issue for comment on mortgage fraud and financial institution fraud.
Check dodd-frank.com frequently for updates on the Dodd-Frank Act and other important securities law matters.