Penalties

Any person who willfully violates § 55.1-2155 , 55.1-2158 , 55.1-2159 , 55.1-2162 , 55.1-2164 , 55.1-2176 , or 55.1-2181 or any regulation adopted under, or order issued pursuant to, § 55.1-2174 , 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 (i) fined not less than $1,000 or double the amount of gain from the transaction, whichever is larger, but not more than $50,000 or (ii) imprisoned for not more than six months, or both, for each offense. 1982, c. 277, § 55-506; 2019, c. 712 .