§ 16 — Imposition of penalties for violations

* § 16. Imposition of penalties for violations. Any corporation,\nperson or persons, licensed under the provisions of this chapter, that\nshall willfully violate any rule or order of the commission or any\nprovision of this chapter, in addition to any other penalty by law\nprescribed, shall be liable to a civil penalty not to exceed ten\nthousand dollars for the first offense and not to exceed twenty-five\nthousand dollars for the second and each subsequent offense, to be\nimposed by the commission, to be sued for by the attorney-general in the\nname of the people of the state of New York if directed by the\ncommission. The amount of the penalty collected by the commission or\nrecovered in any such action, or paid to the commission upon a\ncompromise as hereinafter provided, shall be transmitted by the\ndepartment of state into the state treasury and credited to the general\nfund. The commission, for cause shown, may extend the time for the\npayment of such penalty and, by compromise, may accept less than the\namount of such penalty as imposed in settlement thereof. For the\npurposes of this section, each transaction or statutory violation shall\nconstitute a separate offense, except that a second or subsequent\noffense shall not be deemed to exist unless a decision has been rendered\nin a prior, separate and independent proceeding.\n * NB Repealed September 1, 2016\n