Current through the 2024 Budget Session
Section 17-4-603 - Civil enforcement(a) If the secretary of state believes that a person has engaged, is engaging, or is about to engage in an act, practice, or course of business constituting a violation of this act or a rule adopted or order issued under this act or that a person has, is, or is about to engage in an act, practice, or course of business that materially aids a violation of this act or a rule adopted or order issued under this act, the secretary of state may maintain an action in the Wyoming district court to enjoin the act, practice, or course of business and to enforce compliance with this act or a rule adopted or order issued under this act.(b) In an action under this section and on a proper showing, the court may:(i) Issue a permanent or temporary injunction, restraining order, or declaratory judgment;(ii) Order other appropriate or ancillary relief, which may include: (A) An asset freeze, accounting, writ of attachment, writ of general or specific execution, and appointment of a receiver or conservator, that may be the secretary of state, for the defendant or the defendant's assets;(B) Ordering the secretary of state to take charge and control of a defendant's property, including investment accounts and accounts in a depository institution, rents, and profits; to collect debts; and to acquire and dispose of property;(C) Imposing a civil penalty up to five thousand dollars ($5,000.00) for a single violation or up to fifty thousand dollars ($50,000.00) for more than one (1) violation; an order of rescission, restitution, or disgorgement directed to a person that has engaged in an act, practice, or course of business constituting a violation of this act or the predecessor act or a rule adopted or order issued under this act or the predecessor act; and(D) Ordering the payment of prejudgment and post judgment interest.(iii) Order such other relief as the court considers appropriate.(c) The secretary of state may not be required to post a bond in an action or proceeding under this act.Added by Laws 2016 , ch. 22, § 1, eff. 7/1/2017.