§ 3401. — 3401. (Added by Stats. 2023, Ch. 792, Sec. 1.)

California § 3401.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 1.25.: DIVISION 1.25. Digital Financial Assets Businesses
• Ch. 4.: CHAPTER 4. Enforcement

Text

For the purpose of this chapter, “enforcement measure” means an action that includes, but is not limited to, all of the following:
(a)
Suspend or revoke a license under this division.
(b)
Order a person to cease and desist from doing digital financial asset business activity with, or on behalf of, a resident.
(c)
Request the court to appoint a receiver for the assets of a person doing digital financial asset business activity with, or on behalf of, a resident.
(d)
Request the court to issue temporary,
preliminary, or permanent injunctive relief against a person doing digital financial asset business activity with, or on behalf of, a resident.
(e)
Assess a penalty under Section 3407.
(f)
Recover on the security under Section 3207 and initiate a plan to distribute the proceeds for the benefit of a resident injured by a violation of this division, or law of this state other than this division that applies to digital financial asset business activity with, or on behalf of, a resident.
(g)
Impose necessary or appropriate conditions on the conduct of digital financial asset business activity with, or on behalf of, a resident.
(h)
Seek restitution on behalf of a
resident if the department shows economic injury due to a violation of this division.

Legislative History

Added by Stats. 2023, Ch. 792, Sec. 1. (AB 39) Effective January 1, 2024.