Acts and Regulations

S-5.5 - Securities Act

Full text
Administrative penalty
186(1)On the application of the Commission and after conducting a hearing, the Tribunal may order a person to pay an administrative penalty of not more than $750,000 if the Tribunal
(a) determines that the person has contravened or failed to comply with New Brunswick securities law, and
(b) is of the opinion that it is in the public interest to make the order.
186(2)The Tribunal may make an order under this section despite the imposition of any other penalty on the person or the making of any other order by the Tribunal or the Commission related to the same matter.
2013, c.31, s.36
Administrative penalty
186(1)The Commission, after a hearing, may order a person to pay an administrative penalty of not more than $750,000 if the Commission
(a) determines that the person has contravened or failed to comply with New Brunswick securities law, and
(b) is of the opinion that it is in the public interest to make the order.
186(2)The Commission may make an order under this section notwithstanding the imposition of any other penalty on the person or the making of any other order by the Commission related to the same matter.