Cal. Code Regs. Tit. 10, § 2602.09 - Penalty for Unauthorized Sale by Individual
Every person who knowingly authorizes, directs, aids, causes or assists in causing the issue, execution or sale of any security in nonconformity with a Commissioner's permit then in effect and authorizing such issue, or contrary to the provision of the Insurance Securities Law, is guilty of a public offense punishable by a fine not exceeding $5,000 or by imprisonment in the state prison not exceeding five years or in a county jail not exceeding one year, or by both such fine and imprisonment. (Section 833)
Notes
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