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Exact(29)
The commission's consideration of enforcement action "raises again the whole specter of the sales practices at the firm".
The questions now are what type of enforcement action the bank could face, and whether any individuals will be ensnared by the case.
In the kind of enforcement action that is almost unheard of in aviation, federal agents seized the records of several of Alaska Airlines' MD-80's.
Although BFC gives the government details of every child labour case it uncovers, it does not know of a single instance of enforcement action being taken.
"Enforcement agencies are looking closely at this issue and there is a possibility of enforcement action in due course," said a senior regulatory source.
The regulator is still open to agreeing a deal with Green, but the start of enforcement action shows it is not confident about agreeing anything.
Similar(31)
"They have brought a number of enforcement actions," she said.
Mr. Henshaw promised vigorous action beyond the guidelines, brandishing the threat of enforcement actions.
"There are still a lot of enforcement actions against corporations where there are no indictments against individuals.
Officials of the departments say a second round of enforcement actions could begin as early as next week.
A public listing of enforcement actions "could unfairly impede business opportunities" for insurers that later correct their deficiencies, it said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com