Board authority to direct disgorgement and corrective measures preserves investor protection and market integrity. The Board may, after enquiry or inspection, direct any depository, participant, market associated person, or issuer to prevent conduct detrimental to investors or market integrity, including directing disgorgement of wrongful gains or avoided losses; additionally, the Board may levy administrative penalties under the Act by reasoned order after holding the prescribed inquiry.
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.
Board authority to direct disgorgement and corrective measures preserves investor protection and market integrity.
The Board may, after enquiry or inspection, direct any depository, participant, market associated person, or issuer to prevent conduct detrimental to investors or market integrity, including directing disgorgement of wrongful gains or avoided losses; additionally, the Board may levy administrative penalties under the Act by reasoned order after holding the prescribed inquiry.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.