Adjudication powers: regulator-appointed officers can inquire, summon evidence and impose penalties, with Board review possible. The securities regulator may appoint an adjudicating officer of prescribed rank to hold inquiries, afford the person a reasonable opportunity to be heard, summon witnesses, require documents and impose penalties for specified contraventions. The Board may review adjudication records and, if an order is found erroneous and adverse to market interests, after giving the person an opportunity to be heard, enhance the penalty where circumstances justify, subject to a statutory temporal limitation on such enhancement.
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.
Adjudication powers: regulator-appointed officers can inquire, summon evidence and impose penalties, with Board review possible.
The securities regulator may appoint an adjudicating officer of prescribed rank to hold inquiries, afford the person a reasonable opportunity to be heard, summon witnesses, require documents and impose penalties for specified contraventions. The Board may review adjudication records and, if an order is found erroneous and adverse to market interests, after giving the person an opportunity to be heard, enhance the penalty where circumstances justify, subject to a statutory temporal limitation on such enhancement.
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