The Private Securities Litigation Reform Act of 1995 gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings.

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The Private Securities Litigation Reform Act of 1995 primarily aimed to curb frivolous securities lawsuits and did not grant the SEC cease-and-desist powers or the authority to impose monetary penalties in administrative proceedings. These powers were granted by other legislation, such as the Securities Enforcement Remedies and Penny Stock Reform Act of 1990.

The Private Securities Litigation Reform Act of 1995 Gives the Securities