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us-co/statute/39/39-22-658 — Material advisor - penalties · Axiom

Material advisor - penalties

5 rules

(1) The penalty for the failure of a material advisor to disclose a reportable or listed transaction as required by section 39-22-656 (1)(a) shall be up to twenty thousand dollars.

(2) If a material advisor that is required to disclose a reportable or listed transaction in accordance with section 39-22-656 (1)(a) provides false or incomplete information to the department, then an additional penalty shall be imposed of up to twenty thousand dollars.

(3) If a material advisor that is required to maintain a list under section 39-22-657 (1) fails to make that list available to the department within a twenty-day period after the day on which the department mails a written request for that list, the material advisor shall be subject to a penalty of ten thousand dollars for each day that the material advisor fails to make that list available to the department after the expiration of the twenty-day period.

(4) A penalty imposed by this section shall be in addition to any other penalty imposed by articles 21 and 22 of this title.

in view

Whole section

Encodings · 5

failure_to_disclose_penalty_maximumCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(1)

name: failure_to_disclose_penalty_maximum
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-22-658(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: up to twenty thousand dollars
versions:
  - effective_from: '0001-01-01'
    formula: '20000'

false_or_incomplete_information_additional_penalty_maximumCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(2)

name: false_or_incomplete_information_additional_penalty_maximum
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-22-658(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: >-
            an additional penalty shall be imposed of up to twenty thousand
            dollars
versions:
  - effective_from: '0001-01-01'
    formula: '20000'

list_request_response_period_daysCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(3)

name: list_request_response_period_days
kind: parameter
dtype: Count
period: Day
source: C.R.S. 39-22-658(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: within a twenty-day period
versions:
  - effective_from: '0001-01-01'
    formula: '20'

daily_list_unavailability_penaltyCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(3)

name: daily_list_unavailability_penalty
kind: parameter
dtype: Money
period: Day
unit: USD
source: C.R.S. 39-22-658(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: a penalty of ten thousand dollars for each day
versions:
  - effective_from: '0001-01-01'
    formula: '10000'

penalty_for_unavailable_required_listCO 39 § 39-22-658 · derived

C.R.S. 39-22-658(3)

name: penalty_for_unavailable_required_list
kind: derived
entity: MaterialAdvisor
dtype: Money
period: Day
unit: USD
source: C.R.S. 39-22-658(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: >-
            fails to make that list available to the department ... after the
            expiration of the twenty-day period
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: ten thousand dollars for each day
      - path: versions[0].formula
        kind: import
        import:
          target: >-
            us-co:statutes/39/39-22-657#material_advisor_must_maintain_transaction_list
          output: material_advisor_must_maintain_transaction_list
          hash: >-
            sha256:66a996ba9e7c9b99d972d495d59d89cb258a7ea7b2e9ae043031475156b10b09
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if material_advisor_must_maintain_transaction_list and
      required_list_is_not_available_to_department:
        daily_list_unavailability_penalty * max(0, days_since_department_mailed_written_list_request - list_request_response_period_days)
      else: 0

▸rulespec code

Shown source

statutes/39/39-22-658.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

failure_to_disclose_penalty_maximum

Parameter

source: C.R.S. 39-22-658(1)

- name: failure_to_disclose_penalty_maximum
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-22-658(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: up to twenty thousand dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '20000'

false_or_incomplete_information_additional_penalty_maximum

Parameter

source: C.R.S. 39-22-658(2)

- name: false_or_incomplete_information_additional_penalty_maximum
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-22-658(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: an additional penalty shall be imposed of up to twenty thousand dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '20000'

list_request_response_period_days

Parameter

source: C.R.S. 39-22-658(3)

- name: list_request_response_period_days
  kind: parameter
  dtype: Count
  period: Day
  source: C.R.S. 39-22-658(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: within a twenty-day period
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

daily_list_unavailability_penalty

Parameter

source: C.R.S. 39-22-658(3)

- name: daily_list_unavailability_penalty
  kind: parameter
  dtype: Money
  period: Day
  unit: USD
  source: C.R.S. 39-22-658(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: a penalty of ten thousand dollars for each day
  versions:
    - effective_from: '0001-01-01'
      formula: '10000'

penalty_for_unavailable_required_list

Derived

source: C.R.S. 39-22-658(3)

- name: penalty_for_unavailable_required_list
  kind: derived
  entity: MaterialAdvisor
  dtype: Money
  period: Day
  unit: USD
  source: C.R.S. 39-22-658(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: >-
              fails to make that list available to the department ... after the expiration of the
              twenty-day period
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: ten thousand dollars for each day
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-22-657#material_advisor_must_maintain_transaction_list
            output: material_advisor_must_maintain_transaction_list
            hash: sha256:66a996ba9e7c9b99d972d495d59d89cb258a7ea7b2e9ae043031475156b10b09
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if material_advisor_must_maintain_transaction_list and
        required_list_is_not_available_to_department:
          daily_list_unavailability_penalty * max(0, days_since_department_mailed_written_list_request - list_request_response_period_days)
        else: 0

▸citations (3)

References

This rule cites 3 other rules.

CO 39 § 39-22-656 (1)(a)inferredCO › Statutes › Title 39 › § 39-22-656 › (1)(a)
CO 39 § 39-22-656 (1)(a)inferredCO › Statutes › Title 39 › § 39-22-656 › (1)(a)
CO 39 § 39-22-657 (1)inferredCO › Statutes › Title 39 › § 39-22-657 › (1)

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Material advisor - penalties

5 rules

Official source

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(1) The penalty for the failure of a material advisor to disclose a reportable or listed transaction as required by section 39-22-656 (1)(a) shall be up to twenty thousand dollars.

(4) A penalty imposed by this section shall be in addition to any other penalty imposed by articles 21 and 22 of this title.

in view

Whole section

Encodings · 5

failure_to_disclose_penalty_maximumCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(1)

name: failure_to_disclose_penalty_maximum
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-22-658(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: up to twenty thousand dollars
versions:
  - effective_from: '0001-01-01'
    formula: '20000'

false_or_incomplete_information_additional_penalty_maximumCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(2)

name: false_or_incomplete_information_additional_penalty_maximum
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-22-658(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: >-
            an additional penalty shall be imposed of up to twenty thousand
            dollars
versions:
  - effective_from: '0001-01-01'
    formula: '20000'

list_request_response_period_daysCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(3)

name: list_request_response_period_days
kind: parameter
dtype: Count
period: Day
source: C.R.S. 39-22-658(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: within a twenty-day period
versions:
  - effective_from: '0001-01-01'
    formula: '20'

daily_list_unavailability_penaltyCO 39 § 39-22-658 · parameter

C.R.S. 39-22-658(3)

name: daily_list_unavailability_penalty
kind: parameter
dtype: Money
period: Day
unit: USD
source: C.R.S. 39-22-658(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: a penalty of ten thousand dollars for each day
versions:
  - effective_from: '0001-01-01'
    formula: '10000'

penalty_for_unavailable_required_listCO 39 § 39-22-658 · derived

C.R.S. 39-22-658(3)

name: penalty_for_unavailable_required_list
kind: derived
entity: MaterialAdvisor
dtype: Money
period: Day
unit: USD
source: C.R.S. 39-22-658(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: >-
            fails to make that list available to the department ... after the
            expiration of the twenty-day period
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-658
          excerpt: ten thousand dollars for each day
      - path: versions[0].formula
        kind: import
        import:
          target: >-
            us-co:statutes/39/39-22-657#material_advisor_must_maintain_transaction_list
          output: material_advisor_must_maintain_transaction_list
          hash: >-
            sha256:66a996ba9e7c9b99d972d495d59d89cb258a7ea7b2e9ae043031475156b10b09
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if material_advisor_must_maintain_transaction_list and
      required_list_is_not_available_to_department:
        daily_list_unavailability_penalty * max(0, days_since_department_mailed_written_list_request - list_request_response_period_days)
      else: 0

▸rulespec code

Shown source

statutes/39/39-22-658.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

failure_to_disclose_penalty_maximum

Parameter

source: C.R.S. 39-22-658(1)

- name: failure_to_disclose_penalty_maximum
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-22-658(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: up to twenty thousand dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '20000'

false_or_incomplete_information_additional_penalty_maximum

Parameter

source: C.R.S. 39-22-658(2)

- name: false_or_incomplete_information_additional_penalty_maximum
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-22-658(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: an additional penalty shall be imposed of up to twenty thousand dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '20000'

list_request_response_period_days

Parameter

source: C.R.S. 39-22-658(3)

- name: list_request_response_period_days
  kind: parameter
  dtype: Count
  period: Day
  source: C.R.S. 39-22-658(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: within a twenty-day period
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

daily_list_unavailability_penalty

Parameter

source: C.R.S. 39-22-658(3)

- name: daily_list_unavailability_penalty
  kind: parameter
  dtype: Money
  period: Day
  unit: USD
  source: C.R.S. 39-22-658(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: a penalty of ten thousand dollars for each day
  versions:
    - effective_from: '0001-01-01'
      formula: '10000'

penalty_for_unavailable_required_list

Derived

source: C.R.S. 39-22-658(3)

- name: penalty_for_unavailable_required_list
  kind: derived
  entity: MaterialAdvisor
  dtype: Money
  period: Day
  unit: USD
  source: C.R.S. 39-22-658(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: >-
              fails to make that list available to the department ... after the expiration of the
              twenty-day period
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-658
            excerpt: ten thousand dollars for each day
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-22-657#material_advisor_must_maintain_transaction_list
            output: material_advisor_must_maintain_transaction_list
            hash: sha256:66a996ba9e7c9b99d972d495d59d89cb258a7ea7b2e9ae043031475156b10b09
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if material_advisor_must_maintain_transaction_list and
        required_list_is_not_available_to_department:
          daily_list_unavailability_penalty * max(0, days_since_department_mailed_written_list_request - list_request_response_period_days)
        else: 0

▸citations (3)

References

This rule cites 3 other rules.

CO 39 § 39-22-656 (1)(a)inferredCO › Statutes › Title 39 › § 39-22-656 › (1)(a)
CO 39 § 39-22-656 (1)(a)inferredCO › Statutes › Title 39 › § 39-22-656 › (1)(a)
CO 39 § 39-22-657 (1)inferredCO › Statutes › Title 39 › § 39-22-657 › (1)