(a) The commission 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 one thousand dollars ($1,000) per day for each day the violation is outstanding.
(b) In addition to the assessment in subsection (a), the commission may assess a charge for the actual cost of any investigation resulting from any violation of this chapter, a violation of any rule or order issued under this chapter, or the cost of any examination made by the commission pursuant to this chapter, to the person or persons subject to such investigation or examination. All assessments collected under this subsection shall be deposited in the Alabama Securities Commission Fund in the State Treasury to be drawn upon by the commission for its use in administration of this chapter.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 7A - Alabama Monetary Transmission Act.
Section 8-7A-4 - Exemptions From Licensing.
Section 8-7A-5 - License Required.
Section 8-7A-6 - Application for License.
Section 8-7A-8 - Issuance of License.
Section 8-7A-9 - Renewal of License.
Section 8-7A-11 - Relationship Between Licensee and Authorized Delegate.
Section 8-7A-12 - Examinations.
Section 8-7A-15 - Suspension and Revocation.
Section 8-7A-16 - Unauthorized Activities.
Section 8-7A-17 - Orders to Cease and Desist and Other Injunctive or Civil Relief.
Section 8-7A-18 - Consent Orders.
Section 8-7A-19 - Civil Penalties.
Section 8-7A-20 - Criminal Penalties.
Section 8-7A-21 - Confidentiality.
Section 8-7A-22 - Cooperation.
Section 8-7A-23 - Investigation and Subpoenas by Commission.
Section 8-7A-25 - Burden of Proving an Exemption or an Exception From a Definition.
Section 8-7A-26 - Making, Amending, and Rescinding Rules and Prescribing Forms.