Civil Money Penalty

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Civil Money Penalty

A fine assessed by a court on a person or entity that has profited from violations of securities law and regulation. For example, if a broker makes illegal insider trades from information gleaned from a client, he/she may have to pay a civil money penalty. Ordinarily, the civil money penalty is equal to the profit that the violator made from his/her activities.
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and the Washington State Farm Labor Association have been assessed $124,575 in civil money penalties and an additional $9,599 for failing to pay back wages to an eligible U.
2, 2015, when legislation signed by Congress required federal agencies to make adjustments to civil money penalties to "catch up" with inflation, the attorneys say.
26, the OCC revised its Policies and Procedures Manual policy for assessing civil money penalties.
The FDA then filed a complaint for civil money penalties against Globus Medical and the company's CEO for distributing the NuBone product without proper FDA approval or clearance.
MRB sanctions against lenders include reprimands, probations, suspensions, withdrawals of approval, and civil money penalties.
Several government agencies are conducting investigations or examinations of various mortgage-related practices' and 'it is likely that one or more of the government agencies will initiate some type of enforcement action against Wells Fargo, which may include civil money penalties,' it said.
Topics include the background and history of the HIPAA, the scope and applicability of the security rules, administrative safeguards under the security rules, including risks, responsibilities, access, training and evaluation, physical and technical safeguards, documentation procedures, implementation and determination of the state of compliance, enforcement in terms of criminal and civil violations, including final rules for the imposition of civil money penalties, liability and litigation.
In addition, the proposal clarifies the process for imposing civil money penalties.
The litigation that began 1995 sought US$ 821 million in restitution and civil money penalties.
One focus was the Secretary of the Treasury's 1994 mandate to delegate the authority to assess civil money penalties for BSA violations to federal banking regulatory agencies.
In addition, a civil lawsuit seeks antifraud injunctions, civil money penalties, disgorgement of ill-gotten gains (including salaries, bonuses, and commissions), and a permanent bar from service as an officer or director of a public company.