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18) The ITSFEA provided for bounties to informers of up to 10% of illegal insider-trading profits.
Moreover, ITSFEA increased the maximum criminal penalties to $1 million and the maximum jail sentence to ten years.
Enforcement Remedies: ITSA, ITSFEA and Other Efforts by Congress to Sanction and Deter Insider Trading
While a law firm is neither a broker-dealer or investment advisor as defined by ITSFEA, the SEC has taken the position that a law firm has an affirmative obligation to protect material, non- public information.