|"(g) Authority of a Court To Prohibit Persons From Participating in
an Offering of Penny Stock.--
"(1) In general.-- In any proceeding under subsection (a) 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.
"(2) Definition.-- For purposes of this subsection, the term 'person
participating in an offering of penny stock' includes any person engaging
in activities with a broker, dealer, or issuer for purposes of issuing,
trading, or inducing or attempting to induce the purchase or sale of,
any penny stock. The Commission may, by rule or regulation, define such
term to include other activities, and may, by rule, regulation, or order,
exempt any person or class of persons, in whole or in part, conditionally
or unconditionally, from inclusion in such term.".