Code of Massachusetts Regulations
950 CMR - OFFICE OF THE SECRETARY OF THE COMMONWEALTH
Title 950 CMR 10.00 - Adjudicatory Proceedings: Securities Division
Section 10.10 - Settlement of Proceeding

At any time after the commencement of an investigation by the Division, the Division and the respondent or party(ies) subject to investigation may agree to settle the investigation or proceeding. The settlement must be approved by the Director of the Division who may, in his discretion, approve the settlement so long as he finds it is fair, reasonable and in the public interest. The settlement may be entered as a Final Order under M.G.L. c. 110A §§ 412, 204, 304, 407A. Violations of such a Final Order is subject to criminal and civil penalties as provided by law.