Whenever it shall appear to the commission that any person, including a controlling person of an offeror or target company, has engaged or is about to engage in any act or practice constituting a violation of this act, or any regulation or order promulgated hereunder:
(1) the commission may issue and cause to be served upon any person violating any of the provisions of this act, an order requiring the persons in violation thereof to cease and desist therefrom; and(2) the commission may bring an action to enjoin the acts or practices and to force compliance with this act, or any regulation or order hereunder. Upon a proper showing, the court may grant a permanent or temporary injunction or restraining order without bond to enforce the provisions of this act, and may order rescission of any sales or purchases of securities determined to be unlawful under this act, or any rules or order hereunder.1976, March 3, P.L. 42, No. 19, §11, imd. effective. Affected 1978, April 28, P.L. 202, No. 53, §2(a) [1473], effective 6/27/1978.