51-7-22.4. Penalties for violation by certified investment advisers.
(1) An intentional violation by a certified investment adviser of Section,, or, or any rule or order under this chapter is punishable by a civil penalty of: 51-7-7 51-7-11 51-7-11.5 $1,000 for each day of noncompliance for the investment adviser; and $5,000 for each day of noncompliance for the firm or institution where the certified investment adviser is employed.
(2) In addition to any other penalty for a criminal violation of this chapter, the sentencing judge may impose any penalty or remedy provided for in Subsection. 51-7-22.5(1)(b)
(3) Funds collected under Subsectionshall be deposited in the General Fund. (1)