Board power to enhance penalties permits review of adjudicating orders and increase penalties after inquiry with a hearing. The amendment grants the Board authority to review records of proceedings under section 15-I and, if an adjudicating officer's order is found erroneous and not in the interests of the securities market, to enhance the penalty after such inquiry as it deems necessary, subject to giving the person an opportunity of being heard and subject to a time limitation tied to the order or disposal of any appeal.
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 power to enhance penalties permits review of adjudicating orders and increase penalties after inquiry with a hearing.
The amendment grants the Board authority to review records of proceedings under section 15-I and, if an adjudicating officer's order is found erroneous and not in the interests of the securities market, to enhance the penalty after such inquiry as it deems necessary, subject to giving the person an opportunity of being heard and subject to a time limitation tied to the order or disposal of any appeal.
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