Penalties

Any person who willfully violates any provision of § 55.1-1972 , 55.1-1974 , 55.1-1975 , 55.1-1976 , 55.1-1979 , 55.1-1982 , or 55.1-1983 or any regulation adopted under or order issued pursuant to § 55.1-1971 , or any person who willfully in an application for registration makes any untrue statement of a material fact or omits to state a material fact is guilty of a misdemeanor and may be fined not less than $1,000 or double the amount of gain from the transaction, whichever is the larger, but not more than $50,000, or he may be imprisoned for not more than six months, or both, for each offense. 1974, c. 416, § 55-79.103; 2019, c. 712 .