Securities Fraud Deterrence and Investor Restitution Act of 2004

[AI summary unavailable — showing source text] The Securities Fraud Deterrence and Investor Restitution Act of 2003 - Amends the Sarbanes-Oxley Act of 2002 to authorize the Securities and Exchange Commission (SEC) to obtain foreclosure and forced sale of any property owned by a person against whom the SEC has obtained either a Federal or State court order or judgment based upon an alleged fraudulent, deceptive, or manipulative act or practice in violation of securities laws. Permits such recovery notwithstanding any homestead provision of any State constitution or State law that exempts or protects property from either foreclosure and forced sale under any process of court or from any lien thereon for the payment of debts. (Thus preempts the State homestead exemption). Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Company Act of 1940 to: (1) authorize the SEC to impose civil penalties in cease and desist proceedings; and (2) increase maximum civil money penalties. Amends the Securities Exchange Act of 1934 to authorize the SEC to access financial records held by a financial institution without notice to the affected person if it acts pursuant to an…