Penalty amendment introduces mandatory minimum sanction and preserves maximum sanction, altering enforcement range under securities law. The amendment replaces provision permitting a penalty up to an established ceiling with language requiring that any penalty imposed shall not be less than a specified minimum while allowing imposition up to the pre-existing maximum, thereby creating a bounded sanctioning range with both a mandatory floor and an upper limit for the covered contravention under the Act.
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Provisions expressly mentioned in the judgment/order text.
Penalty amendment introduces mandatory minimum sanction and preserves maximum sanction, altering enforcement range under securities law.
The amendment replaces provision permitting a penalty up to an established ceiling with language requiring that any penalty imposed shall not be less than a specified minimum while allowing imposition up to the pre-existing maximum, thereby creating a bounded sanctioning range with both a mandatory floor and an upper limit for the covered contravention under the Act.
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