502A.14 Criminal penalties.
1. A person who willfully violates either of the following shall, upon conviction, be fined not more than twenty thousand dollars or be imprisoned not more than ten years, or both, for each violation.
a. This chapter.
b. A rule or order of the administrator under this chapter.
2. A person convicted of violating a rule or order under this chapter may be fined, but may not be imprisoned, if the person proves the person had no knowledge of the rule or order.
3. The administrator may refer such evidence as is available concerning violations of this chapter or any rule or order of the administrator to the attorney general or the proper county attorney, who may, with or without such a reference from the administrator, institute the appropriate criminal proceedings under this chapter.
4. This chapter does not limit the power of the state to proceed against a person for conduct which constitutes a breach of duty, a crime, or a violation under common law, rule, or another statute. An action pursuant to this chapter is not an election of remedies, and an aggrieved person or the state retains any other common law or statutory causes of action which may exist against a person alleged to have violated this chapter or against a person convicted of such a violation.
90 Acts, ch 1169, ยง13
Structure Iowa Code
Chapter 502A - COMMODITIES CODE
Section 502A.2 - Unlawful commodity transactions.
Section 502A.3 - Exempt person transactions.
Section 502A.4 - Exempt transactions.
Section 502A.5 - Unlawful commodity activities.
Section 502A.6 - Fraudulent conduct.
Section 502A.7 - Liability of principals, controlling persons, and others.
Section 502A.8 - Securities laws unaffected.
Section 502A.11 - Investigations.
Section 502A.12 - Enforcement of chapter.
Section 502A.13 - Power of court to grant relief.
Section 502A.14 - Criminal penalties.
Section 502A.15 - Administration of chapter.
Section 502A.16 - Cooperation with other agencies.
Section 502A.17 - General authority to adopt rules, forms, and orders.
Section 502A.18 - Consent to service of process.
Section 502A.19 - Chapter scope.
Section 502A.20 - Effect of pending judicial review.