- Joined
- Jan 8, 2021
- Messages
- 103
- Thread Author
- #1
A
BILL
To
Amend the Corporate Crimes Act
The people of Democracy Craft, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the “Market Manipulation Repair Act.”.
(2) This Act shall be enacted immediately upon its signage.
(3) Co-Sponsored by: Representative 1950minecrafter and Representative Azdurs.
2 - Reasons for Proposal
(1) The impact of market manipulation can have great consequences, depending on which firm and which part of the market is affected it can lead to unemployment, inflation, deflation, strong fluctuations in the stock market, and other negative things, therefore the judge should be given a greater radius in punishing.
NOTE: The fine change does not mean that the punishment will always be 50k, this change gives the judge the option to punish up to 50k if justified. This means that it is besteaft between $0 and $50000 depending on the degree of hardness of the market manipulation.
3 - Amending the punishment for market manipulation.
From:
11.2 - Market Manipulation
Any act to artificially inflate or deflate the value of a company or stock for personal gain.
Per Offence: Up to $5000 Fine
To:
11.2 - Market Manipulation
Any act to artificially inflate or deflate the value of a company or stock for personal gain.
Per Offence: Up to $50000 Fine, the DEC may deregister the involved company/ies.
BILL
To
Amend the Corporate Crimes Act
The people of Democracy Craft, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the “Market Manipulation Repair Act.”.
(2) This Act shall be enacted immediately upon its signage.
(3) Co-Sponsored by: Representative 1950minecrafter and Representative Azdurs.
2 - Reasons for Proposal
(1) The impact of market manipulation can have great consequences, depending on which firm and which part of the market is affected it can lead to unemployment, inflation, deflation, strong fluctuations in the stock market, and other negative things, therefore the judge should be given a greater radius in punishing.
NOTE: The fine change does not mean that the punishment will always be 50k, this change gives the judge the option to punish up to 50k if justified. This means that it is besteaft between $0 and $50000 depending on the degree of hardness of the market manipulation.
3 - Amending the punishment for market manipulation.
From:
11.2 - Market Manipulation
Any act to artificially inflate or deflate the value of a company or stock for personal gain.
Per Offence: Up to $5000 Fine
To:
11.2 - Market Manipulation
Any act to artificially inflate or deflate the value of a company or stock for personal gain.
Per Offence: Up to $50000 Fine, the DEC may deregister the involved company/ies.