Civil Money Penalty (CMP)
A punitive fine imposed by a civil court on an entity that has profited from illegal or unethical activity. The Securities and Exchange Commission imposes civil money penalties that are usually equal to the gains made from whatever activity it has deemed to be illegal or unethical. Investopedia Says:
Civil money penalties are not limited to securities law violations. They may be imposed to punish individuals or organizations for violating a variety of laws or regulations. Related Terms:
Cook the Books
Disgorgement
Fair Funds for Investors
Forensic Accounting
Insider Trading
Securities and Exchange Commission - SEC |