New Mexico § 59A-35-18 Penalty for violation

New Mexico Statutes

§ 59A-35-18 — Penalty for violation

New Mexico·Ch. 59A Insurance Code·Art. 35 Sale of Insurance Securities

Any person violating any of the following provisions of this article shall upon conviction thereof be guilty of a felony punishable by a fine of not less than five hundred dollars ($500) or more than twenty thousand dollars ($20,000): A. Section 595 [59A-35-6 NMSA 1978] (registration of security, permit required); B. Subsection B of Section 600 [59A-35-11 NMSA 1978] (terms of permit; compliance); C. Section 601 [59A-35-12 NMSA 1978] (permit as inducement); D. Section 602 [59A-35-13 NMSA 1978] (public announcements of offering); and E. Section 605 [59-35-16 NMSA 1978] (securities salesmen, license required).

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Any person violating any of the following provisions of this article shall upon conviction thereof be guilty of a felony punishable by a fine of not less than five hundred dollars ($500) or more than twenty thousand dollars ($20,000): A. Section 595 [59A-35-6 NMSA 1978] (registration of security, permit required); B. Subsection B of Section 600 [59A-35-11 NMSA 1978] (terms of permit; compliance); C. Section 601 [59A-35-12 NMSA 1978] (permit as inducement); D. Section 602 [59A-35-13 NMSA 1978] (public announcements of offering); and E. Section 605 [59-35-16 NMSA 1978] (securities salesmen, license required).

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