Authority: IC 23-2-2.5-42; IC 23-2-2.5-47

Affected: IC 23-2-2.5

Sec. 2. Mitigating factors are extenuating circumstances that may lead to a reduced civil penalty. The mitigating circumstances that may be considered include the following:

(1) The violation resulted in no harm to the public.

(2) The respondent has had no other prior violations.

(3) The violation did not involve fraud.

(4) Any other circumstances presented by the respondent for consideration.

(Securities Division; 710 IAC 6-3-2; filed Jan 12, 2026, 4:22 p.m.: 20260211-IR-710250231FRA)