Penalty quantum factors clarified to apply uniformly to administrative and adjudicatory enforcement of securities penalties. The amendment clarifies that the factors to be taken into account while adjudging the quantum of monetary penalty apply to penalties imposed both by the Board under administrative enforcement and by an adjudicating officer, revising the marginal heading and expressly expanding the provision's applicability to multiple enforcement decisionmakers.
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Provisions expressly mentioned in the judgment/order text.
Penalty quantum factors clarified to apply uniformly to administrative and adjudicatory enforcement of securities penalties.
The amendment clarifies that the factors to be taken into account while adjudging the quantum of monetary penalty apply to penalties imposed both by the Board under administrative enforcement and by an adjudicating officer, revising the marginal heading and expressly expanding the provision's applicability to multiple enforcement decisionmakers.
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