What does it mean for a civil penalty to be deemed a substantial economic deterrent?

A civil penalty deemed a substantial economic deterrent means that it significantly affects the violator's finances. This indicates that the penalty is set at a level that is intended to discourage future violations by imposing a financial burden that the violator would find impactful. The essence of such a penalty is to ensure that the cost of non-compliance is higher than the perceived benefits of violating the regulations. A substantial economic deterrent is designed to promote adherence to regulations by making it clear that the consequences of violations will have serious financial implications. This approach is fundamental in regulatory enforcement as it helps maintain compliance and encourages responsible behavior among individuals and businesses.