Raises civil money penalties across major federal securities laws by creating higher penalty tiers and new enforcement rules. It revises penalty caps to add a defined "third tier" (higher fixed-dollar caps or up to 3× pecuniary gain or victims’ losses for serious fraud, deceit, manipulation, or reckless regulatory disregard) and creates a new "fourth tier" that triples maximum penalties for persons with a qualifying fraud conviction or prior Commission order/judgment within the prior 5 years. The bill also makes violations of court injunctions and certain Commission orders a distinct offense, with each day of continued noncompliance counted as a separate violation.

The changes apply to the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940. The result is higher potential civil exposure for firms and individuals subject to federal securities laws, expanded definitions of conduct treated as high‑penalty wrongdoing, and a mechanism to increase penalties for repeat offenders or those previously adjudicated for fraud.