{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-1-604","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-1-604","heading":"Administrative enforcement","body":"A. If the Administrator determines that a person has engaged,\n\nis engaging, or is about to engage in an act, practice, or course of\n\nbusiness constituting a violation of this act or a rule adopted or\n\norder issued under this act or constituting a dishonest or unethical\n\npractice or that a person has materially aided, is materially\n\naiding, or is about to materially aid an act, practice, or course of\n\nbusiness constituting a violation of this act or a rule adopted or\n\norder issued under this act or constituting a dishonest or unethical\n\npractice, the Administrator may:\n\n1. Issue an order directing the person to cease and desist from\n\nengaging in the act, practice, or course of business or to take\n\nother action necessary or appropriate to comply with this act;\n\n2. Issue an order denying, suspending, revoking, or\n\nconditioning the exemptions for a broker-dealer under subparagraph d\n\nor f of paragraph 1 of subsection B of Section 1-401 of this title\n\nor an investment adviser under subparagraph c of paragraph 2 of\n\nsubsection B of Section 1-403 of this title; or\n\n3. Issue an order under Section 1-204 of this title.\n\nB. An order under subsection A of this section is effective on\n\nthe date of issuance. Upon issuance of the order, the Administrator\n\nshall promptly serve each person subject to the order with a copy of\n\nthe order and a notice that the order has been entered. The order\n\nmust include a statement whether the Administrator will seek a civil\n\npenalty or costs of the investigation, a statement of the reasons\n\nfor the order, and notice that, within fifteen (15) days after\n\nreceipt of a request in a record from the person, the matter will be\n\nscheduled for a hearing and the hearing shall be commenced within\n\nfifteen (15) days of the matter being set for hearing. Any request\n\nfor a hearing shall be made in writing and the person making the\n\nrequest shall specifically admit or deny the allegations contained\n\nin the order. If a person subject to the order does not request a\n\nhearing and none is ordered by the Administrator, within thirty (30)\n\ndays after the date of service of the order, the order, that may\n\ninclude a civil penalty or costs of the investigation if a civil\n\npenalty or costs were sought in the statement accompanying the\n\norder, becomes final as to that person by operation of law. If a\n\nhearing is requested or ordered, the Administrator, after notice of\n\nand opportunity for hearing to each person subject to the order, may\n\nmodify or vacate the order or extend it until final determination.\n\nC. If a hearing is requested or ordered pursuant to subsection\n\nB of this section, a hearing must be held pursuant to the\n\nAdministrative Procedures Act. A final order may not be issued\n\nunless the Administrator makes findings of fact and conclusions of\n\nlaw in a record in accordance with the Administrative Procedures\n\nAct. The final order may make final, vacate, or modify the order\n\nissued under subsection A of this section.\n\nD. In a final order under subsection C of this section, the\n\nAdministrator may impose a civil penalty up to a maximum of Five\n\nThousand Dollars ($5,000.00) for a single violation or up to Two\n\nHundred Fifty Thousand Dollars ($250,000.00) for multiple violations\n\nin a single proceeding or a series of related proceedings.\n\nE. In a final order, the Administrator may charge the actual\n\ncost of an investigation or proceeding for a violation of this act\n\nor a rule adopted or order issued under this act.\n\nF. If a petition for judicial review of a final order is not\n\nfiled in accordance with Section 1-609 of this title, the\n\nAdministrator may file a certified copy of the final order with the\n\nclerk of a court of competent jurisdiction. The order so filed has\n\nthe same effect as a judgment of the court and may be recorded,\n\nenforced, or satisfied in the same manner as a judgment of the\n\ncourt.\n\ninal order is not\n\nfiled in accordance with Section 1-609 of this title, the\n\nAdministrator may file a certified copy of the final order with the\n\nclerk of a court of competent jurisdiction. The order so filed has\n\nthe same effect as a judgment of the court and may be recorded,\n\nenforced, or satisfied in the same manner as a judgment of the\n\ncourt.\n\nG. If a person does not comply with an order under this\n\nsection, the Administrator may petition a court of competent\n\njurisdiction to enforce the order. The court may not require the\n\nAdministrator to post a bond in an action or proceeding under this\n\nsection. If the court finds, after service and opportunity for\n\nhearing, that the person was not in compliance with the order, the\n\ncourt may adjudge the person in civil contempt of the order. The\n\ncourt may impose a further civil penalty against the person for\n\ncontempt in an amount not to exceed One Thousand Dollars ($1,000.00)\n\nfor each violation and may grant any other relief the court\n\ndetermines is just and proper in the circumstances.","path":["OK Code","Title 71"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os71.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"82a213e92d39760892a78485c5388527842cd9d68254f258796f30cfe3034abf","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-1-603","next":"us-ok/okla.-stat.-tit.-71-71-1-605"},"notice":"GroundRules: Original legal text. Not legal advice."}