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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Punitive Orders

Definition:

If an investment pro violates SEC rules or does something illegal, the state administrator can issue a punitive order, which is a type of punishment. This type of order can deny a license to work in the state, can be a suspension of a license, or can involve some sort of torturous dunk tank.