673.820 - Violation of chapter or fraudulent misrepresentation of contract or securities by association; administrative fines. - Nevada Statutes

673.820  Violation of chapter or fraudulent misrepresentation of contract or securities by association; administrative fines.  In addition to any other remedy or penalty:

      1.  Any association which violates any provisions of this chapter or fraudulently misrepresents the terms of any contract or of any securities, and thereby secures a sale therefor, shall be punished by an administrative fine of not more than $10,000 and forfeiture and revocation of all licenses issued to it under the provisions of this chapter.

      2.  The Commissioner may impose an administrative fine of not more than $10,000 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.

      [Part 18:51:1931; 1931 NCL § 970.17]—(NRS A 1967, 649; 1977, 506; 2005, 1880)