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Finance Glossary

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Non-Punitive Orders

Definition:

Some orders issued by state administrators are punitive; e.g. if a broker steals money from clients, you can be sure that the state administrator will want to bring the pain. But other orders aren't related to crimes or punishment (or Crime and Punishment); those ones are non-punitive.

Example

An agent decides to withdraw their license or cancel it. (She's decided to open a cat B&B instead of being in the rough-and-tumble world of finance.) The state administrator issues an order that cancels or withdraws the license. It's non-punitive because the agent hasn't committed a crime.

At least not a financial one.