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V-1.1 - Securities Act
Section 202
Disposition versions
202. Unless otherwise specially provided, every person that contravenes a provision of this Act commits an offence and is liable to a minimum fine of $2,000 in the case of a natural person and $3,000 in the case of a legal person or double the profit realized, whichever is the greatest amount. The maximum fine is $150,000 in the case of a natural person and $200,000 in the case of a legal person, or four times the profit realized, whichever is the greater amount.
In determining the penalty, the court shall take particular account of the harm done to the investors and the advantages derived from the offence.
202. Unless otherwise specified, every person who contravenes a provision of this Act is guilty of an offence and is liable, in the case of a natural person, to a fine of $1 000 to $20 000 and, in other cases, to a fine of $1 000 to $50 000.
In determining the penalty, the court shall take particular account of the harm done to the investors and the advantages derived from the offence.
202. Every person who contravenes a provision of this Act is guilty of an offence and is liable, in the case of a natural person, to a fine of $500 to $10 000 and, in other cases, to a fine of $500 to $25 000.
In determining the penalty, the court shall take particular account of the harm done to the investors and the advantages derived from the offence.
202. Every person who contravenes this Act is guilty of an offence.
Every person guilty of an offence under this Act is liable, in addition to costs, to the following penalties:
(1) in the case of a natural person, a fine of $500 to $10 000 and imprisonment for one month to two years, or only one of these penalties;
(2) in other cases, a fine of $500 to $25 000.
In determining the penalty, the court shall take particular account of the harm done to the investors and the advantages derived from the offence.
