### Question
Can you define what covered judicial or administrative action means?


### Answer
**Covered judicial or administrative action** is defined as the following in *15 U.S.C. § 78u*:

> any judicial or administrative action brought by the Commission under the securities laws that results in monetary sanctions exceeding $1,000,000

#### Citation:
  - *15 U.S.C. § 78u*
  - Heading: **CHAPTER 2B-SECURITIES EXCHANGES**

