Enforcement actions

205 ILCS 731/20-50, under Supervision.

205 ILCS 731/20-50

(205 ILCS 731/20-50)

    Sec. 20-50. Enforcement actions.     (a) As used in this Article, "enforcement action" means an action including, but not limited to, all of the following:         (1) Suspending or revoking a registration under this     Act.         (2) Ordering a person to cease and desist from doing     digital asset business activity with or on behalf of a resident.         (3) Requesting the court to appoint a receiver for     the assets of a person doing digital asset business activity with or on behalf of a resident.         (4) Requesting the court to issue temporary,     preliminary, or permanent injunctive relief against a person doing digital asset business activity with or on behalf of a resident.         (5) Assessing a civil penalty under Section 20-70.         (6) Recovering on the security under Section 20-5 and     initiating a plan to distribute the proceeds for the benefit of a resident injured by a violation of this Act, or law of this State other than this Act that applies to digital asset business activity with or on behalf of a resident.         (7) Imposing necessary or appropriate conditions on     the conduct of digital asset business activity with or on behalf of a resident.         (8) Seeking restitution on behalf of a resident if     the Department shows economic injury due to a violation of this Act.     (b) The Department may enter into a consent order with a person regarding an enforcement action.     (c) This Section does not provide a private right of action to a resident, provided this Section does not preclude an action by a resident to enforce rights under Article 5 or subsection (a) of Section 20-5.

(Source: P.A. 104-428, eff. 8-18-25.)