Deter future violations refers to the goal of preventing individuals and organizations from engaging in illegal activities, such as securities fraud, by imposing penalties, fines, and other consequences for past wrongdoing. The aim is to discourage future violations by:

1. Increasing the cost of non-compliance

2. Increasing the risk of detection and punishment

3. Reducing the benefits of illegal activities

4. Encouraging compliance with laws and regulations

5. Promoting a culture of ethics and integrity

Deterrence can be achieved through various means, including:

1. Imposing significant fines and penalties

2. Imprisonment or criminal prosecution

3. Disgorgement of ill-gotten gains

4. Suspension or revocation of licenses or registrations

5. Publicly naming and shaming wrongdoers

6. Implementing stricter regulations and oversight

7. Providing incentives for whistleblowers

8. Conducting regular audits and inspections

Effective deterrence requires:

1. Consistent and fair enforcement

2. Clear and concise laws and regulations

3. Sufficient resources for enforcement agencies

4. Public awareness and education

5. A culture of accountability and responsibility

By deterring future violations, we can promote a safer, more stable, and more ethical business environment, protecting investors, consumers, and the wider public.