Obligation of Board of Directors to take disciplinary action against a member if so directed by the Board.

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..... ted by the Board. 22. (1) After receiving the report of an enquiry made under regulation 21, the Board may take such action as it deems proper and, in particular, may direct Board of Directors of the Self Regulatory Organization to take such disciplinary action against the delinquent member, including expulsion, suspension or any other penalty of a like nature not involving the levy of monetar .....

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