Prosecution for default enables enforcement of monetary penalties and non compliance with Board directions under amended securities law. Amendment creates a prosecutorial enforcement route by permitting the Board, in addition to the adjudicating officer, to initiate prosecution where a person defaults on payment of a monetary penalty or fails to comply with directions issued by the Board, and it removes a limiting phrase from the subsection to clarify the statutory text.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prosecution for default enables enforcement of monetary penalties and non compliance with Board directions under amended securities law.
Amendment creates a prosecutorial enforcement route by permitting the Board, in addition to the adjudicating officer, to initiate prosecution where a person defaults on payment of a monetary penalty or fails to comply with directions issued by the Board, and it removes a limiting phrase from the subsection to clarify the statutory text.
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