Added by Stats. 2023, Ch. 792, Sec. 1. (AB 39) Effective January 1, 2024.
For the purpose of this chapter, “enforcement measure” means an action that includes, but is not limited to, all of the following:
(a)Suspend or revoke a license under this division.
(b)Order a person to cease and desist from doing digital financial asset business activity with, or on behalf of, a resident.
(c)Request the court to appoint a receiver for the assets of a person doing digital financial asset business activity with, or on behalf of, a resident.
(d)Request the court to issue temporary,
preliminary, or permanent injunctive relief against a person doing digital financial asset business activity with, or on behalf of, a resident.
(e)Assess a penalty under Section 3407.
(f)Recover on the security under Section 3207 and initiate a plan to distribute the proceeds for the benefit of a resident injured by a violation of this division, or law of this state other than this division that applies to digital financial asset business activity with, or on behalf of, a resident.
(g)Impose necessary or appropriate conditions on the conduct of digital financial asset business activity with, or on behalf of, a resident.
(h)Seek restitution on behalf of a
resident if the department shows economic injury due to a violation of this division.
Cite this section