The Federal Reserve Board (FRB)found that Parson Inc.,a newly established financial company,had violated banking laws.The company was involved in transactions that were prohibited by the United States government.Along with imposing a hefty fine,the FRB issued an order on Parson to stop the nature of such objectionable transactions and ordered the firm to refrain from indulging in such transactions in the future.This order is an example of a(n)______.

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In this scenario, the order imposed by the Federal Reserve Board on Parson Inc. is an example of a cease and desist order. Adjudicating is the quasi-judicial function that involves both fact-finding and applying law to the facts. If violations of the law are found, sanctions, such as a fine or other penalty, may be imposed. In addition, an agency may order that a violator stop (cease) the objectionable activity and refrain (desist) from any further similar violations. This type of agency action is called a cease and desist order.

The Federal Reserve Board (FRB)found That Parson Inc