§ 723. Penalties for violation of this article.
175 words·~1 min read·
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§ 723. Penalties for violation of this article. 1. In addition to such
penalties as may otherwise be applicable by law, including but not
limited to the penalties available under section forty-four of this
chapter, the superintendent may, after notice and hearing, require any
person found violating the provisions of this article or the rules or
regulations promulgated hereunder to pay to the people of this state a
penalty for each violation of the article or any regulation or policy
promulgated hereunder a sum not to exceed the greater of
(i)two
thousand dollars or where such violation is willful ten thousand dollars
for each offense;
(ii)a multiple of two times the aggregate damages
attributable to the violation; or
(iii)a multiple of two times the
aggregate economic gain attributable to the violation.
2. Nothing in this article shall limit any statutory or common-law
right of any person to bring any action in any court for any act, or the
right of the state to punish any person for any violation of any law.