11-53-202. Enforcement - cease-and-desist orders.
209 words·~1 min read·
/co/title-11-financial-institutions/article-53-colorado-commodity-code/11-53-202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Whenever it appears to the commissioner that any person has engaged in any act or practice constituting a violation of any provision of this article or any rule or order under this article, the commissioner may apply to the district court for the city and county of Denver, or to the appropriate courts of another state, for the appropriate legal or equitable relief, including but not limited to:
(a)A declaratory judgment;
(b)A temporary restraining order or preliminary or permanent prohibitory or mandatory injunction enjoining the act or practice in question and to enforce compliance with this article or any rule or order under this article;
(c)An order for restitution and disgorgement, or either of them; and
(d)An order for appointment of a receiver or conservator for the defendant or the defendant's assets.
(2)Whenever it appears to the commissioner that any person has engaged in any act or practice constituting a violation of any provision of this article or any rule or order under this article, then, in addition to the powers granted in subsection
(1)of this section, the commissioner may enter an order to show cause directed to such person and shall follow substantially the procedure set forth in section 11-51-606 (1.5).