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Congress' push to crack down on corporate fraud by creating new felonies and increasing penalties for old ones will likely have more of a symbolic than jail-time impact, according to securities experts. Like chicken soup, the new penalties probably won't be harmful even if not very helpful, says David Becker, a Washington, D.C., partner with Cleary, Gottlieb, Steen & Hamilton and former SEC general counsel.
July 22, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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