NRS 91.310 Enforcement by Administrator.

234 words·~1 min read·/nv/chapter-91-commodities/91-310

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. If the Administrator believes, whether or not based upon an investigation conducted under NRS 91.300 , that any person has engaged or is about to engage in any act or practice constituting a violation of any provision of this chapter or a regulation adopted or order issued pursuant to its provisions, the Administrator may:

(a)Issue an order to cease and desist;

(b)Take disciplinary action against a licensed person;

(c)Issue an order imposing a civil penalty in an amount which may not exceed $10,000 for any single violation or $100,000 for multiple violations in a single proceeding or a series of related proceedings; or

(d)Initiate any of the actions specified in subsection 2.

2. The Administrator may institute any of the following actions in the district courts of this State, or in the appropriate courts of another state, in addition to any legal or equitable remedies otherwise available:

(a)An action for a declaratory judgment;

(b)An action for a prohibitory or mandatory injunction to enjoin the violation and to ensure compliance with this chapter or any regulation or order of the Administrator;

(c)An action for disgorgement;

(d)An action for appointment of a receiver or conservator for the defendant or the defendant’s assets; or

(e)An action to enjoin permanently any person from acting as a commodity broker-dealer or a commodity sales representative.