§ 7-807. Prohibited acts; criminal penalties[Subject to repeal and reenactment effective January 1, 2014; amended version follows this section]

Latest version.

   (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.

HISTORY: An. Code 1957, art. 48A, § 500; 1995, ch. 36.

                    
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