669.295 - Administrative fines. - Nevada Statutes

669.295  Administrative fines.

      1.  In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $10,000 per violation upon a person who:

      (a) Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or

      (b) Violates any provision of this chapter or any regulation adopted pursuant thereto.

      2.  The maximum total fine that the Commissioner may impose on any person pursuant to this section with respect to the same or similar actions or series of actions which constitute the violations must not exceed the greater of $100,000 or 125 percent of all losses incurred by the retail trust company and its clients as the direct or indirect result of such violations.

      (Added to NRS by 2005, 1849; A 2009, 1963)

      NRS 669.300  Violation of chapter constitutes gross misdemeanor unless otherwise specified.  Where no other punishment is otherwise provided by law, any person violating any provision of this chapter is guilty of a gross misdemeanor.

      (Added to NRS by 1969, 1189)