Restitution from disgorged amounts prioritised for identifiable investors harmed by securities-law violations, subject to a seven-year claim bar. Disgorged amounts and accrued interest credited to the Investor Protection and Education Fund shall, where the Board deems fit, be utilised solely for restitution to eligible and identifiable investors harmed by securities-law violations; remaining monies after earmarking may be applied for other Fund purposes, and no claim against disgorged amounts in a specific case shall be admissible after seven years from the date the Board invited claims for disgorgement.
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.
Restitution from disgorged amounts prioritised for identifiable investors harmed by securities-law violations, subject to a seven-year claim bar.
Disgorged amounts and accrued interest credited to the Investor Protection and Education Fund shall, where the Board deems fit, be utilised solely for restitution to eligible and identifiable investors harmed by securities-law violations; remaining monies after earmarking may be applied for other Fund purposes, and no claim against disgorged amounts in a specific case shall be admissible after seven years from the date the Board invited claims for disgorgement.
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