What types of sanctions can be imposed by a securities arbitration panel?

In Washington, sanctions can be imposed by a securities arbitration panel for various violations of securities laws. Sanctions are typically monetary penalties or other actions imposed on a person or entity who has engaged in misconduct in connection with securities transactions. The two main types of sanctions that can be imposed by a securities arbitration panel in Washington are civil and criminal. Civil sanctions are usually monetary penalties or an order to cease and desist from further violations. These sanctions are designed to punish the offending party and deter future violations. Criminal sanctions, on the other hand, can involve jail time, fines, or both. In addition to civil and criminal sanctions, a securities arbitration panel may also impose non-monetary sanctions. This could include suspension of trading privileges, temporary or permanent exclusion from the securities market, or other restrictions. These non-monetary sanctions are meant to protect investors by keeping a person or entity away from the securities markets, while also deterring further violations. Finally, a securities arbitration panel may also issue a formal reprimand or censure. This type of sanction is not monetary, but still serves as a warning to all participants in the securities markets that they are expected to adhere to the applicable laws and regulations. Censures are often accompanied by a statement from the panel outlining the misconduct and emphasizing the importance of ethical conduct in the securities markets.

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