§486J-9  Failure to timely provide
information; failure to make and file statements; false statements; penalties;
referral to the attorney general.  (a)  The commission shall notify those
persons who have failed to timely provide the information specified in section
486J-3, 486J-4, or 486J-4.5 or requested by the commission under section
486J-3, 486J-4, or 486J-4.5.  If, within five business days after being
notified of the failure to provide the specified or requested information, the
person fails to supply the specified or requested information, the person shall
be subject to a civil penalty of not less than $50,000 per day nor more than
$100,000 per day for each day the submission of information is refused or
delayed.



(b)  Any person, or any employee of any person,
who wilfully makes any false statement, representation, or certification in any
record, report, plan, or other document filed with the commission shall be
subject to a civil penalty not to exceed $500,000 and shall be deemed to have
committed an unfair or deceptive act or practice in the conduct of a trade or
commerce and subject to the penalties specified in chapters 480 and 486B.



(c)  The commission shall refer any matter
under subsection (a) or (b) to the attorney general, who may exercise any
appropriate legal or equitable remedies that may be available to the State.



(d)  For the purposes of this section,
"person" means, in addition to the definition contained in section
486J-1, any responsible corporate officer. [L 1997, c 257, pt of §2; am L 2002,
c 77, §3(3); am L 2006, c 78, §11; am L 2007, c 182, §8]