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.
References in periodicals archive ?
Thus, the lender may prefer to pay a civil money penalty or administrative payment, and/or to make a generous indemnification proposal to HUD.
Beware the Mortgagee Review Board: the Federal Housing Administration has a powerful enforcement arm that sanctions lenders that don't follow FHA's rules. Smart lenders will take all necessary precautions to avoid MRB sanctions
The order requires The Bank to pay a civil money penalty of $46,050, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
Enforcement actions
The order requires First Interstate Bank to pay a civil money penalty of $15,750, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
Enforcement actions
Prior to Brendsel, OFHEO said it previously entered into consent orders with former President and Chief Operating Officer David Glenn and with former Chief Financial Officer Vaughn Clarke, both of which included a civil money penalty of $125,000.
OFHEO enters $16.4 million settlement with ex-Freddie exec
The order requires Cumberland Bank to pay a civil money penalty of $3,250, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
Enforcement actions
A copy of the OCC's Consent Order to a Civil Money Penalty and to Cease and Desist can be found at the OCC's website at www.
Wachovia Enters Into Deferred Prosecution Agreement
The order requires The Bank of Currituck to pay a civil money penalty of $16,000, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
Enforcement actions
The settlement includes approximately $102 million in disgorgement and/or restitution and a civil money penalty in the amount of $20 million.
Deutsche Asset Management Finalizes Market Timing Settlement with Securities and Exchange Commission and New York Attorney General
Type of Order # Agreement 64 Cease-and-Desist 86 Civil Money Penalty 60 Prohibition 15 Prompt Corrective Action 10 Removal-and-Prohibition 24
Banks Face Growing Regulatory Actions
The Financial Crimes Enforcement Network (FinCEN) and the Board of Governors of the Federal Reserve System announced on October 12, 2004, that they have jointly assessed a $10 million civil money penalty against AmSouth Bank of Birmingham, Alabama, for its violations of the Bank Secrecy Act.
Enforcement actions
With this consent order in lieu of an OFHEO enforcement action, Glenn agreed to cooperate fully with OFHEO's special examination, pay a civil money penalty of $125,000 and be precluded from serving in any capacity at Freddie Mac or Fannie Mae.
Former Freddie Mac president consents to OFHEO order
In connection with the contemplated settlement, ADI would consent to a cease-and-desist order under Section 10(b) of the Securities Exchange Act and Rule 10b-5 thereunder, would pay a civil money penalty of $3 million, and would reprice options granted to Mr.
Analog Devices Announces Tentative Settlement of the SEC's Previously Announced Stock Option Investigation
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