Penalties for Violations
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Law
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Georgia Code
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Commerce and Trade
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Georgia Uniform Securities
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Violations, Penalties, and Civil Liability
- Penalties for Violations
- A person that willfully violates this chapter, or a rule adopted or order issued under this chapter, except Code Section 10-5-53 or the notice filing requirements of Code Section 10-5-21 or 10-5-34, or that willfully violates Code Section 10-5-54 knowing the statement made to be false or misleading in a material respect, upon conviction, shall be fined not more than $500,000.00 or imprisoned not more than five years, or both. An individual convicted of violating a rule adopted or order issued under this chapter may be fined but may not be imprisoned if the individual did not have knowledge of the rule or order.
- The Attorney General or the proper prosecuting attorney with or without a reference from the Commissioner may institute criminal proceedings under this chapter.
- This chapter does not limit the power of this state to punish a person for conduct that constitutes a crime under other laws of this state.
(Code 1981, §10-5-57, enacted by Ga. L. 2008, p. 381, § 1/SB 358.)
RESEARCH REFERENCES
C.J.S.
- 79A C.J.S., Securities Regulation and Commodity Futures Trading Regulation, § 573 et seq.
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