- (a) If the secretary of state determines, after notice and opportunity for a hearing, that a person has violated this chapter, the secretary of state may, in addition to or instead of all other remedies, impose a civil penalty upon the person in an amount not to exceed ten thousand dollars ($10,000) for each violation. An appeal from the decision of the secretary of state imposing a civil penalty under this subsection may be taken by an aggrieved party under section 16 of this chapter.
- (b) The secretary of state may bring an action in the circuit or superior court of Marion County to enforce payment of any penalty imposed under subsection (a).
- (c) Penalties collected under this section shall be deposited in the securities division enforcement account established under IC 23-19-6-1 (f).
As added by P.L.230-2007, SEC.23. Amended by P.L.1-2009, SEC.141.