§ 78D-22. Enforcement of Chapter.
§78D‑22. Enforcement of Chapter.
(a) If theAdministrator believes, whether or not based upon an investigation conductedunder G.S. 78D‑21 that any person has engaged or is about to engage inany act or practice constituting a violation of any provision of this Chapteror any rule or order hereunder, the Administrator may:
(1) Issue a cease anddesist order;
(2) Issue an orderimposing a civil penalty in an amount which may not exceed twenty‑fivethousand dollars ($25,000) for any single violation or five hundred thousanddollars ($500,000) for multiple violations in a single proceeding or a seriesof related proceedings;
(3) Issue an orderrequiring reimbursement of the costs of investigation; or
(4) Initiate any of theactions specified in subsection (b) of this section.
The clear proceeds of civilpenalties imposed pursuant to this subsection shall be remitted to the CivilPenalty and Forfeiture Fund in accordance with G.S. 115C‑457.2. Anyreimbursement of costs imposed by this subsection shall be paid to the GeneralFund.
(b) The Administratormay institute any of the following actions in the appropriate courts of thisState, or in the appropriate courts of another state, in addition to any legalor equitable remedies otherwise available:
(1) A declaratoryjudgment;
(2) An action for aprohibitory or mandatory injunction to enjoin the violation and to ensurecompliance with this Chapter or any rule or order of the Administrator;
(3) An action fordisgorgement; or
(4) An action forappointment of a receiver or conservator for the defendant or the defendant'sassets. (1989, c. 634, s. 1; 1998‑215, s. 123.)