{"data":{"id":"us-ut/utah-code-59-1-1308","jurisdiction":"us-ut","citation":"Utah Code § 59-1-1308","heading":"Material advisor penalties.","body":"(1) The penalty for failure of a material advisor to disclose a reportable transaction as required by Section 59-1-1306 is $20,000.\n(2) If a material advisor that is required to disclose a reportable transaction in accordance with Section 59-1-1306 provides false or incomplete information to the commission, the penalty is $20,000.\n(3) If a material advisor that is required to maintain a list under Section 59-1-1307 fails to make that list available to the commission within a 20-day period after the day on which the commission mails a written request for that list, the material advisor is subject to a penalty of $10,000 for each day that the material advisor fails to make that list available to the commission after the expiration of the 20-day period.\n(4) A penalty imposed by this section is in addition to any other penalty imposed by this title.","path":["Title 59 Revenue and Taxation","Chapter 59-1 General Taxation Policies","Part 59-1-13 Reportable Transactions Act"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter1/59-1-S1308.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"d70f3b33a4444b93e0d67a5023ef85f50f7b882e2f226da4016a47222e7d0e42","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-1-1307","next":"us-ut/utah-code-59-1-1309"},"notice":"GroundRules: Original legal text. Not legal advice."}