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2015 Utah Code
Title 51 - Public Funds and Accounts
Chapter 7 - State Money Management Act
Section 22.4 - Penalties for violation by certified investment advisers.

UT Code § 51-7-22.4 (2015) What's This?
51-7-22.4. Penalties for violation by certified investment advisers.
  • (1) An intentional violation by a certified investment adviser of Section 51-7-7, 51-7-11, or 51-7-11.5, or any rule or order under this chapter is punishable by a civil penalty of:
    • (a) $1,000 for each day of noncompliance for the investment adviser; and
    • (b) $5,000 for each day of noncompliance for the firm or institution where the certified investment adviser is employed.
  • (2) In addition to any other penalty for a criminal violation of this chapter, the sentencing judge may impose any penalty or remedy provided for in Subsection 51-7-22.5(1)(b).
  • (3) Funds collected under Subsection (1) shall be deposited in the General Fund.


Amended by Chapter 322, 2007 General Session

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