Penalty for default by investment adviser or research analyst exposes them to daily fines escalating up to a statutory ceiling. Penalty for default by an investment adviser or a research analyst arises where the adviser or analyst fails to comply with regulations or directions ... Summary
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Penalty for default by investment adviser or research analyst exposes them to daily fines escalating up to a statutory ceiling.
Penalty for default by an investment adviser or a research analyst arises where the adviser or analyst fails to comply with regulations or directions issued by the Board; the provision imposes a mandatory minimum sanction and an escalating daily penalty for continued non compliance, subject to an overall statutory ceiling.
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