Penalties for Violation of any Provision

The commissioner shall have the authority to issue, in the event of any violation of any of the provisions of 209 CMR 33.00, remedial measures, including: (a) Limitation of the subscription rights of any person; (b) Revocation of stock purchases by any person; (c) Suspension or Cancellation of the conversion; and (d) Civil penalties of not more than $500 for each day that a violation occurs; and (e) Any other actions the commissioner may deem appropriate and necessary to assure fairness and equity.