N.Y. ACA Law § 25.25 — New York Code / Act ACA / Title G / Article 25 / Section 25.25
Records of purchases and sales
Status: in_force

* § 25.25. Records of purchases and sales. 1. Every licensee shall at\nall times keep full and accurate sets of records showing: (a) the prices\nat which all tickets have been bought and sold by such licensee; and (b)\nthe names and addresses of the person, firm or corporation from whom\nthey were bought. Operators offering for initial sale tickets by means\nof an auction shall maintain a record of the price when known and the\nnumber of tickets and types of seats offered through auction. These\nrecords shall be made available upon request to the state attorney\ngeneral, the secretary of state, or other governmental body with the\nexpress authority to enforce any section of this article; provided,\nhowever, that the records required to be maintained by this section\nshall be considered proprietary in nature and shall be governed by the\nprotections set forth in subdivision five of section eighty-nine of the\npublic officers law. These records shall be retained for a period of not\nless than ten years.\n  2. Twice annually, on June thirtieth and December thirty-first, every\nlicensee that resells tickets or facilitates the resale or resale\nauction of tickets between independent parties by any and all means\nshall report to the department of state the total number of, and average\nresale or average final resale auction price of, all tickets to each\nticketed event, provided, however, that repeat performances of a single\nevent, and multiple events that are part of a season-long performance\nshall be treated as a single event for the purposes of the reporting\nrequirement of this subdivision. The information required to be reported\nby this section shall be considered proprietary in nature and shall be\ngoverned by the protections set forth in subdivision five of section\neighty-nine of the public officers law, and shall be used exclusively\nfor analytical purposes by the department of state.\n  * NB Effective until July 1, 2027\n  * § 25.25. Violations; penalties. 1. Every person, firm or corporation\nwho resells any such ticket or other evidence of right of entry or\nengages in the business of reselling any such ticket or other evidence\nof the right of entry, without first having procured the license\nprescribed and filing of a bond required by this article shall be guilty\nof a misdemeanor. Every person, firm or corporation who violates any\nprovision of this article shall be guilty of a misdemeanor. A conviction\nfor any violation hereof shall be punishable by a fine not to exceed two\nhundred fifty dollars for the first violation, five hundred dollars for\nthe second violation and one thousand dollars for any subsequent\nviolation or by imprisonment for a period not to exceed one year, or\nboth such fine and imprisonment as herein provided.\n  2. Notwithstanding the provisions of subdivision one of this section,\nany person who has not previously been convicted of violating this\nsection and who sells less than six tickets shall be guilty of a\nviolation, and upon conviction shall be punishable by a fine not to\nexceed one hundred dollars.\n  * NB Effective July 1, 2027\n