TABLE OF CONTENTS In addition to any other funds authorized to be appropriated to the Commission, there are authorized to be appropriated to carry out the functions, powers, and duties of the Commission, $776,000,000 for fiscal year 2003.
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AUTHORITY TO CENSURE The Commission may censure any person, or deny, temporarily or permanently, to any person the privilege of appearing or practicing before the Commission in any way, if that person is found by the Commission, after notice and opportunity for hearing in the matter
not to possess the requisite qualifications to represent others;
to be lacking in character or integrity, or to have engaged in unethical or improper professional conduct; or
to have willfully violated, or willfully aided and abetted the violation of, any provision of the securities laws or the rules and regulations issued thereunder.
If there is a need to appear before the commission for any reason, ensure the person(s) appearing meet the criteria above.
IN GENERAL In any proceeding under paragraph (1) against any person participating in, or, at the time of the alleged misconduct who was participating in, an offering of penny stock, the court may prohibit that person from participating in an offering of penny stock, conditionally or unconditionally, and permanently or for such period of time as the court shall determine.
