2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 35: Sale of Insurance Securities, 59A-35-1 through 59A-35-18
Section 59A-35-18: Penalty for violation.
59A-35-18. Penalty for violation.
Any person violating any of the following provisions of this article shall upon conviction thereof be guilty of a felony punishable by a fine of not less than five hundred dollars ($500) or more than twenty thousand dollars ($20,000):
A. Section 595 [59A-35-6 NMSA 1978] (registration of security, permit required);
B. Subsection B of Section 600 [59A-35-11 NMSA 1978] (terms of permit; compliance);
C. Section 601 [59A-35-12 NMSA 1978] (permit as inducement);
D. Section 602 [59A-35-13 NMSA 1978] (public announcements of offering); and
E. Section 605 [59-35-16 NMSA 1978] (securities salesmen, license required).
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