Section 7-807 - Prohibited acts; criminal penalties.
§ 7-807. Prohibited acts; criminal penalties.
(a) Prohibited acts.- A person may not willfully:
(1) violate a provision of this title or a regulation adopted by the Commissioner under this title; or
(2) in a document required to be filed under Subtitle 3 or Subtitle 6 of this title:
(i) make an untrue statement of a material fact; or
(ii) omit a material fact that is required in the document or that is necessary to make a statement in the document not misleading.
(b) Criminal penalties.- A person that violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $10,000 or imprisonment not exceeding 5 years, or both.
[An. Code 1957, art. 48A, § 500; 1995, ch. 36.]