Settlement mechanism for securities law violations allows Board-approved settlement with payment under regulations and no appeal. A new provision establishes a formal settlement mechanism for administrative and civil proceedings under specified securities law provisions, allowing persons subject to proceedings to file written applications to the Board. The Board may agree to settle after assessing the nature, gravity and impact of defaults, on payment of a sum or on other terms as determined under the Act's regulations. Settlement proceedings follow prescribed regulatory procedure, and orders under the settlement mechanism are made final for the specified appeal route by excluding appeals under that appeal provision.
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.
Settlement mechanism for securities law violations allows Board-approved settlement with payment under regulations and no appeal.
A new provision establishes a formal settlement mechanism for administrative and civil proceedings under specified securities law provisions, allowing persons subject to proceedings to file written applications to the Board. The Board may agree to settle after assessing the nature, gravity and impact of defaults, on payment of a sum or on other terms as determined under the Act's regulations. Settlement proceedings follow prescribed regulatory procedure, and orders under the settlement mechanism are made final for the specified appeal route by excluding appeals under that appeal provision.
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