(a) Any person who wilfully violates any provision of subdivision (6) of section 36b-67 shall be fined for each violation a maximum of twenty-five thousand dollars or imprisoned for not more than ten years, or both.
(b) Any person who wilfully violates any other provision of sections 36b-60 to 36b-80, inclusive, shall be fined for each violation a maximum of three thousand five hundred dollars or imprisoned for not more than two years, or both.
(c) No information may be returned under sections 36b-60 to 36b-80, inclusive, more than five years after the alleged violation.
(P.A. 79-458, S. 14, 19; P.A. 97-22, S. 18; P.A. 13-258, S. 17.)
History: Sec. 36-516 transferred to Sec. 36b-73 in 1995; P.A. 97-22 made technical changes in Subsecs. (b) and (c); P.A. 13-258 amended Subsec. (b) to change maximum fine from $2,000 to $3,500 and made technical changes.
Structure Connecticut General Statutes
Title 36b - Connecticut Securities Law and Business Opportunity Investment Act
Chapter 672c - Business Opportunity Investment Act
Section 36b-61. (Formerly Sec. 36-504). - Definitions.
Section 36b-63. (Formerly Sec. 36-506). - Disclosure to purchaser-investor required.
Section 36b-64. (Formerly Sec. 36-507). - Surety bond or trust account.
Section 36b-65. (Formerly Sec. 36-508). - Exemptions.
Section 36b-66. (Formerly Sec. 36-509). - Contract to be in writing. Information required.
Section 36b-67. (Formerly Sec. 36-510). - Prohibited sales activities.
Section 36b-69. (Formerly Sec. 36-512). - Registration does not imply approval.
Section 36b-70. (Formerly Sec. 36-513). - Banking Commissioner to administer.
Section 36b-71. (Formerly Sec. 36-514). - Investigations. Powers of commissioner.
Section 36b-72. (Formerly Sec. 36-515). - Violations. Enforcement powers of commissioner. Remedies.
Section 36b-73. (Formerly Sec. 36-516). - Penalties.
Section 36b-74. (Formerly Sec. 36-517). - Contracts voidable, when. Purchaser-investor's remedies.
Section 36b-76. (Formerly Sec. 36-518). - Appeals.
Section 36b-77. (Formerly Sec. 36-519). - Commissioner to adopt regulations.
Section 36b-78. (Formerly Sec. 36-520). - Commissioner to keep register of applications.
Section 36b-79. (Formerly Sec. 36-521). - Renewal of registration. Amended disclosure document.
Section 36b-80. - False or misleading statements prohibited.