(a) The Commissioner is hereby vested with power, jurisdiction and authority to issue and revoke licenses to private investigative agencies, watchman, guard or patrol agencies, private detectives and watchman, guard or patrol contractors therefor, to deny such applicants a license or to suspend a license for reasonable period, or to assess a civil penalty against the licensee in an amount not to exceed $100. The Commissioner shall have the power, jurisdiction and authority to promulgate reasonable rules and regulations in the exercise of his powers hereunder, for the conduct of the business of private investigative agencies, private detective, and watchman, guard or patrol contractors, watchman, guard or patrol agencies, not in conflict with the constitution and laws of the United States or of the Virgin Islands.
(b) No person, firm, company, partnership or corporation shall furnish private investigations, watchman, guard or patrolman services, nor shall he advertise, solicit nor in any way promise nor inform anyone that he will perform such services without receiving from the Commissioner a license as provided herein.