Injunctions

What this video covers

• Why the state administrator (Administrator) cannot unilaterally order restitution, rescission, or disgorgement, and why a court order is always required for financial remedies
• The precise meaning of enjoin: the Administrator petitioning a court to prohibit acts that violate the Uniform Securities Act
• The three forms of injunctive relief a court may grant: permanent or temporary injunctions, restraining orders, and writs of mandamus (orders compelling a government official to perform a duty)
• The four additional court-ordered remedies: rescission, restitution, disgorgement, and appointment of a receiver or conservator
• Why disgorgement strips ill-gotten profits from the violator while restitution returns money to victims, and which remedy serves which party
• The no bond requirement: the court may not require the Administrator to post a bond when seeking injunctive relief, and why this benefits only the Administrator, never the defendant