P.R. Laws tit. 10, § 691g

2019-02-20 00:00:00+00
§ 691g. Orders

The Commissioner may also enter an order requiring disgorgement, including reasonable interest for violations of this chapter. Likewise, the Commissioner may enter cease and desist orders when the requirements established in the regulations approved in accordance with this chapter are violated, have been violated, or are about to be violated. The Commissioner is also authorized to enter interim orders. The Commissioner is authorized to prescribe the necessary adjudicative procedure by regulations. Furthermore, the Commissioner is hereby authorized to charge reasonable registration fees at the time of the registration of the investment company, whose registration fees shall be at least 3/100 percent (0.03%) of the total dollar value of the capital stock issued or intended to be issued by the investment company and for any other request for action filed before the Commissioner.

History —July 30, 2013, No. 93, § 10; Nov. 27, 2013, No. 137, § 5.