Whenever the commission finds that any issuer or other person is violating any of the provisions of this chapter or of the regulations pertaining thereto, or the terms and conditions of the permit, or that the further sale or offer to sell real estate syndicate securities would work a fraud on the purchaser, the commission may order the person to cease and desist from violating the provisions of this chapter or of the regulations pertaining thereto, or from the further sale of real estate securities. After such an order is issued, the person or persons named therein may, within ten days after receipt of the order, file a written request for a hearing. Said hearing shall be held within the time period and in accordance with the procedures set forth for hearings contained in section 20-321.
(P.A. 73-593, S. 18, 35.)
Structure Connecticut General Statutes
Title 47 - Land and Land Titles
Chapter 826 - Real Estate Syndicates
Section 47-92. - Qualification of real estate syndicate securities; issuance of permit.
Section 47-93. - Expert opinion.
Section 47-94. - Grounds for refusal of permit. Appeal, hearing.
Section 47-95. - Amendment to offering; commission approval; effective date.
Section 47-96. - Permit fees. Determination of value of securities.
Section 47-98. - Sale of unqualified real estate syndicate securities prohibited.
Section 47-99. - Advertisement of securities; prior filing; hearings; media responsibility.
Section 47-100. - Sale does not require licensure as real estate salesperson or broker.
Section 47-102. - Waiver of chapter void. Exception.
Section 47-103. - Real Estate Commission to establish regulations. Hearings.
Section 47-104. - Required form of sales contracts.
Section 47-105. - Required records and reports. Examination of records; examination costs.
Section 47-106. - Penalty for false statement.
Section 47-107. - Investigations by commission; powers.
Section 47-108. - Appointment of attorney for service.
Section 47-109. - Actions, limitation of time, prerequisite.
Section 47-110. - Remedy of buyers.
Section 47-111. - Order to cease and desist. Hearing.
Section 47-112. - Injunctive and other relief.
Section 47-113. - Violations punished by fine or imprisonment.
Section 47-114. - Reservation of other punishments.
Section 47-115. - Burden of proof of exemptions or exceptions.