Depository fairness obligations: failure to deal fairly can trigger substantial monetary sanctions or disgorgement under regulatory rules. A depository that fails to conduct its business with participants, issuers or other market-associated persons in a fair manner in accordance with Board rules, regulations or directions is liable to a monetary penalty, with the higher of a prescribed monetary range or three times the gains made from such failure applicable.
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Provisions expressly mentioned in the judgment/order text.
Depository fairness obligations: failure to deal fairly can trigger substantial monetary sanctions or disgorgement under regulatory rules.
A depository that fails to conduct its business with participants, issuers or other market-associated persons in a fair manner in accordance with Board rules, regulations or directions is liable to a monetary penalty, with the higher of a prescribed monetary range or three times the gains made from such failure applicable.
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