Business and Personal Finance Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
- SECTION 215
"Section 215 of the U.S. penal code says those found to have given or received improper financial incentives of more than $1,000 ‘in connection with any business or transaction’ of an institution ‘shall be fined not more than $1 million or three times the value of the thing given, offered, promised, solicited, demanded, accepted or agreed to be accepted, whichever is greater, or imprisoned not more than 30 years, or both." (Michael Siconolfi, " ‘Spinning’ Of Hot IPOs Is Probed", WSJ, 4/16/98. )Back