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"This is an unacceptable outcome from the nation's primary enforcer of securities laws, and it is the latest example of an SEC action that fails to appropriately punish guilty parties, deter future wrongdoings and protect investors".
This has lead to very cautious approaches from government agencies towards the whole registration project since they don't intend to be held responsible for the fallout or future wrongdoings of the P2P firms.
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Will the recent billion dollar sanctions deter future wrongdoing?
The sole goal of punishment is to prevent or deter future wrongdoing.
And the sole justification for punishment is to prevent or deter future wrongdoing.
So the way to deter future wrongdoing would be to punish individual executives, he says.
Finally, there is a case for punishment to serve as a deterrent against future wrongdoing.
If we truly want to deter future wrongdoing, we should move increasingly toward exposing individual misconduct and holding individuals accountable".
The settlement also required HSBC to appoint a compliance monitor and institute reforms to prevent future wrongdoing.
Among other things, Tyson agreed to implement a companywide ethics training program to guard against future wrongdoing.
So what the harm reduction or consequentialist outlook says is that the sole goal of, or the sole justification for, punishment is to prevent or deter future wrongdoing.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com