Nevada Revised Statutes
Chapter 91 - Commodities
NRS 91.310 - Enforcement by Administrator.


1. If the Administrator believes, whether or not based upon an investigation conducted under NRS 91.300, that any person has engaged or is about to engage in any act or practice constituting a violation of any provision of this chapter or a regulation adopted or order issued pursuant to its provisions, the Administrator may:
(a) Issue an order to cease and desist;
(b) Take disciplinary action against a licensed person;
(c) Issue an order imposing a civil penalty in an amount which may not exceed $10,000 for any single violation or $100,000 for multiple violations in a single proceeding or a series of related proceedings; or
(d) Initiate any of the actions specified in subsection 2.
2. The Administrator may institute any of the following actions in the district courts of this State, or in the appropriate courts of another state, in addition to any legal or equitable remedies otherwise available:
(a) An action for a declaratory judgment;
(b) An action for a prohibitory or mandatory injunction to enjoin the violation and to ensure compliance with this chapter or any regulation or order of the Administrator;
(c) An action for disgorgement;
(d) An action for appointment of a receiver or conservator for the defendant or the defendant’s assets; or
(e) An action to enjoin permanently any person from acting as a commodity broker-dealer or a commodity sales representative.
(Added to NRS by 1987, 1287)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 91 - Commodities

NRS 91.010 - Purpose; construction.

NRS 91.020 - Definitions.

NRS 91.030 - "Administrator" defined.

NRS 91.040 - "Board of trade" defined.

NRS 91.050 - "Commodity" defined.

NRS 91.060 - "Commodity contract" defined.

NRS 91.070 - "Commodity Exchange Act" defined.

NRS 91.080 - "Commodity Futures Trading Commission" defined.

NRS 91.090 - "Commodity merchant" defined.

NRS 91.100 - "Commodity option" defined.

NRS 91.110 - "Financial institution" defined.

NRS 91.120 - "Offer" defined.

NRS 91.130 - "Person" defined.

NRS 91.140 - "Precious metal" defined.

NRS 91.150 - "Sale" and "sell" defined.

NRS 91.160 - Administration.

NRS 91.170 - Cooperation with other agencies.

NRS 91.180 - Effect on chapter 90 of NRS.

NRS 91.190 - Sale or purchase of commodities prohibited; exceptions.

NRS 91.200 - Persons exempted.

NRS 91.210 - Transactions exempted.

NRS 91.220 - Prohibited activities of commodity merchant and board of trade.

NRS 91.230 - Fraudulent conduct.

NRS 91.240 - Applicability of NRS 91.190, 91.220 and 91.230.

NRS 91.250 - Liability of principals and agents.

NRS 91.260 - Regulations and orders.

NRS 91.270 - Orders: Procedure.

NRS 91.280 - Orders: Judicial review.

NRS 91.290 - Appointment of Administrator as attorney to receive service of process.

NRS 91.300 - Investigations and subpoenas.

NRS 91.310 - Enforcement by Administrator.

NRS 91.320 - Remedies for violation of this chapter.

NRS 91.330 - Remedies for violation of similar law of another jurisdiction.

NRS 91.340 - Criminal penalties.