§ 23-55-801. Suspension and revocation
(a) The commissioner may suspend or revoke a license or order a licensee to revoke the designation of an authorized delegate if: (1) the licensee violates this chapter or a rule adopted or an order issued under this chapter; (2) the licensee does not cooperate with an examination or investigation by the commissioner; (3) the […]
§ 23-55-802. Suspension and revocation of authorized delegates
(a) The commissioner may issue an order suspending or revoking the designation of an authorized delegate, if the commissioner finds that: (1) the authorized delegate violated this chapter or a rule adopted or an order issued under this chapter; (2) the authorized delegate did not cooperate with an examination or investigation by the commissioner; (3) […]
§ 23-55-803. Orders to cease and desist
(a) If the Securities Commissioner determines that a violation of this chapter or of a rule adopted or an order issued under this chapter by a licensee, authorized delegate, or any other person is likely to cause immediate and irreparable harm to the licensee, its customers, or the public as a result of the violation […]
§ 23-55-804. Consent orders
The commissioner may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter. A consent order must be signed by the person to whom it is issued or by the person’s authorized representative, and must indicate […]
§ 23-55-501. Relationship between licensee and authorized delegate
(a) In this section, “remit” means to make direct payments of money to a licensee or its representative authorized to receive money or to deposit money in a bank in an account specified by the licensee. (b) A contract between a licensee and an authorized delegate must require the authorized delegate to operate in full […]
§ 23-55-805. Civil penalties
The commissioner may assess a civil penalty against a person that violates this chapter or a rule adopted or an order issued under this chapter in an amount not to exceed $1,000 per day for each day the violation is outstanding, plus this State’s costs and expenses for the investigation and prosecution of the matter, […]
§ 23-55-502. Unauthorized activities
A person may not provide money services on behalf of a person not licensed under this chapter. A person that engages in that activity provides money services to the same extent as if the person were a licensee.
§ 23-55-806. Criminal penalties
(a) A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter, that intentionally makes a false entry or omits a material entry in such a record, or violates any rule promulgated or order issued hereunder is guilty of a Class B […]
§ 23-55-601. Authority to conduct examinations and investigations
(a) The Securities Commissioner or the commissioner’s designee may conduct an annual examination of a licensee or of any of its authorized delegates upon 45 days’ notice in a record to the licensee. (b) The commissioner may examine a licensee or its authorized delegate, at any time, without notice, if the commissioner has reason to […]
§ 23-55-807. Unlicensed persons
(a) (1) [Repealed.] (2) If as a result of an investigation or examination the Securities Commissioner finds that a person has engaged or is about to engage in an act or practice constituting a violation of this chapter or a rule or order under this chapter, the commissioner may summarily issue: (A) A cease and […]