Settlement eligibility excludes repeat rejected claims, pending investigations, and defaulting applicants while preserving investor-protection discretion. Settlement proceedings are unavailable for previously rejected applications concerning the same alleged default, pending examinations or investigations ... Summary
Settlement eligibility excludes repeat rejected claims, pending investigations, and defaulting applicants while preserving investor-protection discretion.
Settlement proceedings are unavailable for previously rejected applications concerning the same alleged default, pending examinations or investigations except confidentiality applications, and applicants classified as wilful defaulters, fraudulent borrowers or fugitive economic offenders. Settlement may also be declined for defaults with market-wide impact, widespread investor losses or effects on market integrity. The Panel of Whole Time Members retains discretion to accept or reject applications in investors' interests and for securities-market development and regulation.
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