Civil Money Penalty

(redirected from Civil Money Penalties)

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.
References in periodicals archive ?
District Court for the Northern District of Texas, seeks permanent injunctions, return of allegedly ill-gotten gains with interest, and civil money penalties. Without admitting or denying the allegations, Bitqyck, Bise and Mendez consented to final judgments agreeing to all the injunctive relief.
The Attorneys General of Indiana and Texas are each conducting separate investigations.The staffs of the CFPB and FTC have informed us that their respective agencies intend to seek injunctive relief damages and, with respect to the CFPB, civil money penalties against us based on allegations related to the 2017 cybersecurity incident.
The Oklahoma Department of Health administers the grant, which is funded through the Civil Money Penalties program.
Rich Award for excellence in the promotion of and commitment to women in the legal profession.<br />Kass focuses her practice on the fraud and abuse aspects of Medicare and Medicaid, including the federal Stark and Anti-Kickback laws, OIG exclusion authorities and civil money penalties. She is among the country's leading authorities in the Stark and Anti-Kickback laws and previously served as senior counsel with the U.S.
It further mentioned that the orders require it to pay USD1bn in total civil money penalties, which reports are available in their entirety at the respective web sites of the OCC and CFPB.
The consent orders require the company to pay USD1.0bn in total civil money penalties. As a result, the company will adjust its first quarter 2018 preliminary financial results by an additional accrual of USD800m, which is not tax deductible.
The orders, which are available in their entirety at the respective web sites for the OCC and CFPB, require the company to pay $1 billion in total civil money penalties. As a result, the company will adjust its first quarter 2018 preliminary financial results by an additional accrual of $800 million, which is not tax deductible.
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 bulletin, which is guidance and not a formal rule, detailed a new CMP matrix for institutions.
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. Read the full text of MRB's Federal Register Notice.