Okla. Stat. tit. 71, § 71-1-603
This is the official text of Okla. Stat. tit. 71, § 71-1-603, part of Oklahoma’s Stat. tit. 71, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 71,." Browse the sections below, each linked to its official government source.
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Civil enforcement
Official statutory text
A. If the Administrator 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 constituting a dishonest or unethical
practice 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 or a
dishonest or unethical practice, the Administrator may, prior to,
concurrently with, or subsequent to an administrative proceeding,
maintain an action in the district court of Oklahoma County or the
district court of any other county where service can be obtained 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:
Oklahoma Statutes - Title 71. Securities Page 75
1. Issue a permanent or temporary injunction, restraining
order, or declaratory judgment;
2. 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
Administrator, for the defendant or the defendant's
assets,
b. ordering the Administrator 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 a maximum of Five
Thousand Dollars ($5,000.00) for a single violation or
up to Two Hundred Fifty Thousand Dollars ($250,000.00)
for more than one 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 postjudgment
interest; or
3. Order such other relief as the court considers appropriate.
C. The Administrator may not be required to post a bond in an
action or proceeding under this act.
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 constituting a dishonest or unethical
practice 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 or a
dishonest or unethical practice, the Administrator may, prior to,
concurrently with, or subsequent to an administrative proceeding,
maintain an action in the district court of Oklahoma County or the
district court of any other county where service can be obtained 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:
Oklahoma Statutes - Title 71. Securities Page 75
1. Issue a permanent or temporary injunction, restraining
order, or declaratory judgment;
2. 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
Administrator, for the defendant or the defendant's
assets,
b. ordering the Administrator 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 a maximum of Five
Thousand Dollars ($5,000.00) for a single violation or
up to Two Hundred Fifty Thousand Dollars ($250,000.00)
for more than one 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 postjudgment
interest; or
3. Order such other relief as the court considers appropriate.
C. The Administrator may not be required to post a bond in an
action or proceeding under this act.
Status: in_force · Read it on the official government site
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