N.Y. General Business Law § 190: Penalties for violations

§ 190. Penalties for violations. Any person who violates and the

officers of a corporation and stockholders holding ten percent or more

of the stock of a corporation which is not publicly traded, who

knowingly permit the corporation to violate sections one hundred

seventy-two, one hundred seventy-three, one hundred seventy-six, one

hundred eighty-four, one hundred eighty-four-a, one hundred eighty-five,

one hundred eighty-five-a, one hundred eighty-six, or one hundred

eighty-seven of this article shall be guilty of a misdemeanor and upon

conviction shall be subject to a fine not to exceed two thousand five

hundred dollars per violation, or imprisonment for not more than one

year, or both, by any court of competent jurisdiction. The violation of

any other provision of this article shall be punishable by a fine not to

exceed five hundred dollars or imprisonment for not more than thirty

days. Criminal proceedings based upon violations of these sections shall

be instituted by the commissioner and may be instituted by any persons

aggrieved by such violations.