Utah § 51-7-22.4 Penalties for violation by certified investment advisers.

Utah Statutes

§ 51-7-22.4 — Penalties for violation by certified investment advisers.

Utah § 51-7-22.4

Title 51Public Funds and Accounts

Ch. 51-7State Money Management Act

This text of Utah § 51-7-22.4 (Penalties for violation by certified investment advisers.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 51-7-22.4 (2026).

Text

(1)An intentional violation by a certified investment adviser of Section 51-7-7, 51-7-11, or 51-7-11.5, or any rule or order under this chapter is punishable by a civil penalty of:

(1)(a) $1,000 for each day of noncompliance for the investment adviser; and

(1)(b) $5,000 for each day of noncompliance for the firm or institution where the certified investment adviser is employed.

(2)In addition to any other penalty for a criminal violation of this chapter, the sentencing judge may impose any penalty or remedy provided for in Subsection 51-7-22.5(1)(b).

(3)Funds collected under Subsection (1) shall be deposited in the General Fund.

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(1) An intentional violation by a certified investment adviser of Section 51-7-7, 51-7-11, or 51-7-11.5, or any rule or order under this chapter is punishable by a civil penalty of:

(1)(a) $1,000 for each day of noncompliance for the investment adviser; and
(1)(b) $5,000 for each day of noncompliance for the firm or institution where the certified investment adviser is employed.
(2) In addition to any other penalty for a criminal violation of this chapter, the sentencing judge may impose any penalty or remedy provided for in Subsection 51-7-22.5(1)(b).
(3) Funds collected under Subsection (1) shall be deposited in the General Fund.