Stronger Enforcement of Civil Penalties Act of 2025

This bill increases civil penalties for securities law violations across multiple securities laws, including the Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, and Investment Advisers Act of 1940. It raises base penalty amounts for first and second tier violations and establishes a new third tier for violations involving fraud, deceit, manipulation, or reckless disregard of regulations, with penalties capped at $1 million for individuals or $10 million for entities, or 3 times the financial gain, or victim losses. For repeat offenders convicted of securities fraud within the past five years, it creates a "fourth tier" with penalties three times the standard amount. The bill also clarifies that each violation of an injunction or bar is a separate offense, with continuing violations treated as daily offenses.