Cease-and-desist order

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Cease-and-desist order

An order issued after notice and opportunity for hearing, requiring a depository institution, a holding company or a depository institution official to terminate unlawful, unsafe or unsound banking practices. Cease-and-desist orders are issued by the appropriate federal regulatory agencies under the Financial Institutions Supervisory Act and can be enforced directly by the courts.

Cease-and-Desist Order

An order from a government regulator to halt an action. Cease-and-desist orders are used to enforce licensing regulation, halt the sale of unregistered securities, or stop transactions believed to be fraudulent. The order states a period of time in which the recipient can contest it in court. If the recipient does not contest the order, or if the contest fails, the order becomes enforceable in a court of law.
References in periodicals archive ?
Antiporda informed local officials that the DENR will be issuing cease-and-desist orders against establishments that have no proper sewage treatment plants.
Several food establishments, including a popular fast-food chain and a well-known Filipino restaurant, have been slapped with cease-and-desist orders (CDOs) by the Laguna Lake Development Authority (LLDA), adding to the growing number of companies found to be polluting Manila Bay.
The ITC has also issued exclusion and cease-and-desist orders for Motorola Solutions' U.S.
In the initial determination, the ITC Administrative Law Judge ruled that Garmin violated the ITCs December 2015 cease-and-desist orders by continuing to import and sell infringing products.
The Securities and Exchange Commission recently issued cease-and-desist orders against three advisors for misrepresenting their principal place of business in order to maintain their SEC registration.
Anza has a history of operating non-permitted facilities under the guise of legitimate businesses and of failing to comply with cease-and-desist orders. During the past 12 years, he has been issued cease-and-desist orders for objectionable operations in Webster, Raynham, Marlboro, Boston and Northboro.
State Securities Commissioner Heath Abshure issued three cease-and-desist orders last week against companies and individuals for selling unregistered securities.
This is an administrative proceeding pursuant to the Federal Deposit Insurance Act ("the FDI Act") in which the Office of the Comptroller of the Currency of the United States of America ("OCC") seeks to prohibit Respondent Carl Thomas from further participation in the affairs of any financial institution, and to issue civil monetary penalties as well as cease-and-desist orders against all Respondents based on their conduct as institution affiliated parties of First Western Bank, Cooper City, Florida (the "Bank").
"We've posted several cease-and-desist orders on the property, and we will continue to do so."
That historical precedent is reversed on this site, which promotes a mechanism by which artists can make their work available for sampling and modification without fear of cease-and-desist orders. With its Flash-animated contention that "standing on the shoulders of your peers--it's what the Internet is all about," Creative Commons gets right to the notion of reciprocity that makes the Net such a precious resource.
In the Kenora area, four businesses have received cease-and-desist orders from the unit.
Colorado, known as a haven for penny-stock cheats during much of the "greed-is-good" 9805, finally gave its securities commissioner, Fred Joseph, the power to issue cease-and-desist orders against suspected stock-fraud thieves.