380.571. Violations, penalties. - Missouri Statutes

Violations, penalties.

380.571. 1. If the director determines that any person has engaged,is engaging in, or has taken a substantial step toward engaging in an act,practice or course of business constituting a violation of sections 380.201to 380.611 or a rule adopted or order issued pursuant thereto, or that aperson has materially aided or is materially aiding an act, practice,omission, or course of business constituting a violation of sections380.201 to 380.611 or a rule adopted or order issued pursuant thereto, thedirector may issue such administrative orders as authorized under section374.046, RSMo. A violation of any of these sections is a level twoviolation under section 374.049, RSMo, except a violation of section380.391 is a level four violation under section 374.049, RSMo. Thedirector may also suspend or revoke the certificate of authority of suchperson for any willful violation.

2. If the director believes that a person has engaged, is engagingin, or has taken a substantial step toward engaging in an act, practice orcourse of business constituting a violation of sections 380.201 to 380.611or a rule adopted or order issued pursuant thereto, or that a person hasmaterially aided or is materially aiding an act, practice, omission, orcourse of business constituting a violation of sections 380.201 to 380.611or a rule adopted or order issued pursuant thereto, the director maymaintain a civil action for relief authorized under section 374.048, RSMo.A violation of any of these sections is a level two violation under section374.049, RSMo, except a violation of section 380.391 is a level fourviolation under section 374.049, RSMo.

(L. 1984 H.B. 1498, A.L. 2007 S.B. 66)