Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 5. GEORGIA UNIFORM SECURITIES · Article 5. VIOLATIONS, PENALTIES, AND CIVIL LIABILITY

10-5-57. Penalties for violations.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A person that willfully violates this chapter, or a rule adopted or order issued under this chapter, except Code Section 10-5-53 or the notice filing requirements of Code Section 10-5-21 or 10-5-34, or that willfully violates Code Section 10-5-54 knowing the statement made to be false or misleading in a material respect, upon conviction, shall be fined not more than $500,000.00 or imprisoned not more than five years, or both. An individual convicted of violating a rule adopted or order issued under this chapter may be fined but may not be imprisoned if the individual did not have knowledge of the rule or order.#
(b)
The Attorney General or the proper prosecuting attorney with or without a reference from the Commissioner may institute criminal proceedings under this chapter.#
(c)
This chapter does not limit the power of this state to punish a person for conduct that constitutes a crime under other laws of this state.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-5-57, enacted by Ga. L. 2008, p. 381, § 1/SB 358.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 812; merge action: carried; file SHA-256 7afbade16da7.

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