§ 3401

For the purpose of this chapter, “enforcement measure” means an action that includes, but is not limited to, all of the following:

(a) Suspend or revoke a license under this division.

(b) Order a person to cease and desist from doing digital financial asset business activity with, or on behalf of, a resident.

(c) Request the court to appoint a receiver for the assets of a person doing digital financial asset business activity with, or on behalf of, a resident.

(d) Request the court to issue temporary, preliminary, or permanent injunctive relief against a person doing digital financial asset business activity with, or on behalf of, a resident.

(e) Assess a penalty under Section 3407.

(f) Recover on the security under Section 3207 and initiate a plan to distribute the proceeds for the benefit of a resident injured by a violation of this division, or law of this state other than this division that applies to digital financial asset business activity with, or on behalf of, a resident.

(g) Impose necessary or appropriate conditions on the conduct of digital financial asset business activity with, or on behalf of, a resident.

(h) Seek restitution on behalf of a resident if the department shows economic injury due to a violation of this division.

(Added by Stats. 2023, Ch. 792, Sec. 1. (AB 39) Effective January 1, 2024.)