(a) No applicant or person or organization licensed by or registered with the Commission shall employ or offer to employ any person who is prohibited from accepting employment from a licensee or applicant or any holding or intermediary company.
(b) An applicant or licensee or person or organization who violates the provisions of this section is guilty of a misdemeanor and shall be subject to not more than one year imprisonment or a fine of not more than $25,000.00 or both and in the case of a person other than a natural person, to a fine not more than $100,000.00.