reglab/housing_qa huggingface dataset:
V.I. Code tit. 9, § 571 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 571. Suspension and revocation; receivership

 (a) The Director may suspend or revoke a license, place a licensee in receivership, or order a licensee to revoke the designation of an authorized delegate if: (1) the licensee violates this chapter or a rule adopted or an order issued under this chapter; (2) the licensee does not cooperate with an examination or investigation by the Director; (3) the licensee engages in fraud, intentional misrepresentation, or gross negligence; (4) an authorized delegate is convicted of a violation of a state or federal anti-money laundering statute, or violates a rule adopted or an order issued under this chapter, as a result of the licensee's willful misconduct or willful blindness; (5) the competence, experience, character, or general fitness of the licensee, authorized delegate, person in control of a licensee, or responsible person of the licensee or authorized delegate indicates that it is not in the public interest to permit the person to provide money services; (6) the licensee engages in an unsafe or unsound practice; (7) the licensee is insolvent, suspends payment of its obligations, or makes a general assignment for the benefit of its creditors; or (8) the licensee does not remove an authorized delegate after the Director issues and serves upon the licensee a final order including a finding that the authorized delegate has violated this chapter. (b) In determining whether a licensee is engaging in an unsafe or unsound practice, the Director may consider the size and condition of the licensee's money transmission, the magnitude of the loss, the gravity of the violation of this chapter, and the previous conduct of the person involved.
V.I. Code tit. 9, § 572 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 572. Suspension and revocation of authorized delegates

 (a) The Director may issue an order suspending or revoking the license and designation of an authorized delegate, if the Director finds that: (1) the authorized delegate violated this chapter or a rule adopted or an order issued under this chapter; (2) the authorized delegate did not cooperate with an examination or investigation by the Director; (3) the authorized delegate engaged in fraud, intentional misrepresentation, or gross negligence; (4) the authorized delegate is convicted of a violation of a state or federal anti-money laundering statute; (5) the competence, experience, character, or general fitness of the authorized delegate or a person in control of the authorized delegate indicates that it is not in the public interest to permit the authorized delegate to provide money services; or (6) the authorized delegate is engaging in an unsafe or unsound practice. (b) determining whether an authorized delegate is engaging in an unsafe or unsound practice, the Director may consider the size and condition of the authorize delegate's provision of money services, the magnitude of the loss, the gravity of the violation of this chapter or a rule adopted or order issued under this chapter, and the previous conduct of the authorized delegate. (c) An authorized delegate may apply for relief from a suspension or revocation of designation as an authorized delegate according to procedures prescribed by the Director.
V.I. Code tit. 9, § 573 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 573. Orders to cease and desist

 (a) If the Director determines that a violation of this chapter or of a rule adopted or an order issued under this chapter by a licensee or authorized delegate is likely to cause immediate and irreparable harm to the licensee, its customers, or the public as a result of the violation, or cause insolvency or significant dissipation of assets of the licensee, the Director may issue an order requiring the licensee or authorized delegate to cease and desist from the violation. The order becomes effective upon service of it upon the licensee or authorized delegate. (b) The Director may issue an order against a licensee to cease and desist from providing money services through an authorized delegate that is the subject of a separate order by the Director. (c) An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to section 571 or 572. (d) A licensee or an authorized delegate that is served with an order to cease and desist may petition the Superior Court of the United States Virgin Islands, or the District Court for the District of the United States Virgin Islands, for a judicial order setting aside, limiting, or suspending the enforcement, operation, or effectiveness of the order pending the completion of an administrative proceeding pursuant to section 571 or 572. (e) An order to cease and desist expires unless the Director commences an administrative proceeding pursuant to section 571 or 572 within 10 days after it is issued.
V.I. Code tit. 9, § 574 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 574. Consent orders

 The Director may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter. A consent order must be signed by the person to whom it is issued or by the person's authorized representative, and must indicate agreement with the terms contained in the order. A consent order may provide that it does not constitute an admission by a person that this chapter or a rule adopted or an order issued under this chapter has been violated.
V.I. Code tit. 9, § 575 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 575. Civil penalties

 The Director may assess a civil penalty against a person that violates this chapter or a rule adopted or an order issued under this chapter in an amount not to exceed $1,000 per day for each day the violation is outstanding, plus the State's costs and expenses for the investigation and prosecution of the matter, including reasonable attorney's fees.
V.I. Code tit. 9, § 576 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 576. Criminal penalties

 (a) A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter or that intentionally makes a false entry or omits a material entry in such a record is guilty of a felony. (b) A person that knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter and who receives more than $500 in compensation within a 30-day period from this activity is guilty of a felony. (c) A person that knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter and who receives no more than $500 in compensation within a 30-day period from this activity is guilty of a misdemeanor.
V.I. Code tit. 9, § 577 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter VIII - Enforcement|§ 577. Unlicensed persons

 (a) If the Director has reason to believe that a person has violated or is violating section 511, 521, or 531 the Director may issue an order to show cause why an order to cease and desist should not issue requiring that the person cease and desist from the violation. (b) In an emergency, the Director may petition the Superior Court of the United States Virgin Islands for the issuance of a temporary restraining order ex parte pursuant to the rules of civil procedure. (c) An order to cease and desist becomes effective upon service of it upon the person. (d) An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to sections 581 and 582. (e) A person that is served with an order to cease and desist for violating section 511, 521, or 531 may petition the Superior Court of the United States Virgin Islands or the District Court of the United States Virgin Islands for a judicial order setting aside, limiting, or suspending the enforcement, operation, or effectiveness of the order pending the completion of an administrative proceeding pursuant to sections 581 and 582. (f) An order to cease and desist expires unless the Director commences an administrative proceeding within 10 days after it is issued.
V.I. Code tit. 9, § 581 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter IX - Administrative Procedures|§ 581. Administrative proceedings

 All administrative proceedings under this chapter must be conducted in accordance with rules and regulations adopted in compliance with Title 3, Chapter 35, Virgin Islands Code.
V.I. Code tit. 9, § 582 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter IX - Administrative Procedures|§ 582. Hearings

 Except as otherwise provided in sections 515(c), 524(c), 534(c), 513, and 577, the Director may not suspend or revoke a license, place a licensee in receivership, issue an order to cease and desist, suspend or revoke the designation of an authorized delegate, or assess a civil penalty without notice and an opportunity to be heard. The Director shall also hold a hearing when requested to do so by an applicant whose application for a license is denied.
V.I. Code tit. 9, § 583 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter IX - Administrative Procedures|§ 583. Appeal

 Any rule or regulation promulgated under this chapter, or any decision of the Director under this chapter, may be appealed to the Superior Court of the United States Virgin Islands or the District Court for the United States Virgin Islands, by filing such appeal within sixty (60) days of the final issuance of such rule, regulation, or decision.
V.I. Code tit. 9, § 591 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter X - Miscellaneous Provisions|§ 591. Uniformity of application and construction

 In applying and construing this Uniform Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among States that enact it.
V.I. Code tit. 9, § 592 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter X - Miscellaneous Provisions|§ 592. Severability clause

 If any provision of this Act or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this Act are severable.
V.I. Code tit. 9, § 593 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter XI - Alien Companies|§ 593. Requirements for alien companies to conduct business under this chapter

 No alien company, as defined in new section 502(1), may be licensed to conduct money services business under this chapter. An alien company seeking to conduct business under this chapter may conduct business only through a United States subsidiary. The United States subsidiary shall comply with all applicable provisions of this chapter.
V.I. Code tit. 9, § 601 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter I - General Provisions|§ 601. Short title

 This chapter may be cited as the “Uniform Securities Act.”
V.I. Code tit. 9, § 603 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter I - General Provisions|§ 603. References to federal statutes

 “Securities Act of 1933” (15 U.S.C. Section 77a et seq.), “Securities Exchange Act of 1934” (15 U.S.C. Section 78a et seq.), “Public Utility Holding Company Act of 1935” (15 U.S.C. Section 79 et seq.), “Investment Company Act of 1940” (15 U.S.C. Section 80a-1 et seq.), “Investment Advisers Act of 1940” (15 U.S.C. Section 67b-1 et seq.), “Employee Retirement Income Security Act of 1974” (29 U.S.C. Section 1001 et seq.), “National Housing Act” (12 U.S.C. Section 1701 et seq.), “Commodity Exchange Act” (7 U.S.C. Section 1 et seq.), “Internal Revenue Code” (26 U.S.C. Section 1 et seq.), “Securities Investor Protection Act of 1970” (15 U.S.C. Section 78aaa et seq.), “Securities Litigation Uniform Standards Act of 1998” (112 Stat. 3227), “Small Business Investment Act of 1958” (15 U.S.C. Section 661 et seq.), and “Electronic Signatures in Global and National Commerce Act” (15 U.S.C. Section 7001 et seq.), mean those statutes and the rules and regulations adopted under those statutes, as in effect on the date of enactment of this chapter, or as later amended.
V.I. Code tit. 9, § 604 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter I - General Provisions|§ 604. References to federal agencies

 Any reference in this chapter to an agency or department of the United States shall also be deemed to be a reference to its successor agency, department, or entity.
V.I. Code tit. 9, § 605 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter I - General Provisions|§ 605. Electronic records and signatures

 This chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, but does not modify, limit, or supersede Section 101(c) of that act (15 U.S.C. Section 7001(c)) or authorize electronic delivery of any of the notices described in Section 103(b) of that act (15 U.S.C. Section 7003(b)). This chapter authorizes the filing of records and signatures, when specified by provisions of this chapter or by a rule or order adopted or issued under this chapter, in a manner consistent with section 104(a) of that act (15 U.S.C. Section 7004(a)).
V.I. Code tit. 9, § 613 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter II - Exemptions From Registration of Securities|§ 613. Additional exemptions and waivers

 A rule adopted or issued order under this chapter may exempt a security, transaction, or offer; a rule under this chapter may exempt a class of securities, transactions, or offers from any or all of the requirements of sections 621 through 626 and 654, and an order under this chapter may waive, in whole or in part, any or all of the conditions for an exemption or offers under sections 611 and 612.
V.I. Code tit. 9, § 614 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter II - Exemptions From Registration of Securities|§ 614. Denial, suspension, condition, or limitation of exemptions

 (a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this chapter may deny, suspend application of, condition, limit or revoke an exemption created under section 611(3)(C), (7), (8), or 612 or an exemption or waiver created under section 613 with respect to a specific security, transaction, or offer. An order under this section may only be issued pursuant to the procedures in section 626(d) or 664 and may only be issued prospectively. (b) A person does not violate section 621, 623 through 626, 654, or 660 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this section if the person did not know, and in the exercise of reasonable care could not have known, of the order.
V.I. Code tit. 9, § 621 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter III - Registration of Securities and Notice Filings of Federal Covered Securities|§ 621. Securities registration requirement

 It is unlawful for a person to offer or sell a security in this State unless: (1) the security is a federal covered security; (2) the security, transaction, or offer is exempted from registration under sections 611 through 613; or (3) the security is registered under this chapter.
V.I. Code tit. 9, § 627 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter III - Registration of Securities and Notice Filings of Federal Covered Securities|§ 627. Waivers and modifications

 The Administrator may waive or modify any or all of the requirements of sections 622, 623, and 624(b) or the requirement of any information or record in a registration statement or in a periodic report pursuant to section 625(i).
V.I. Code tit. 9, § 633 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter IV - Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Investment Advisers|§ 633. Investment adviser registration requirement and exemptions

 (a) It is unlawful for a person to transact business in this State as an investment adviser unless the person is registered under this chapter as an investment adviser or is exempt from registration as an investment adviser under subsection (b). (b) The following persons are exempt from the registration requirement of subsection (a): (1) person without a place of business in this State that is registered under the securities act of the state in which the person has its principal place of business if its only clients in this State are: (A) federal covered investment advisers, investment advisers registered under this chapter, or broker-dealers registered under this chapter; (B) institutional investors; (C) bona fide preexisting clients whose principal places of residence are not in this State if the investment adviser is registered under the securities act of the State in which the clients maintain principal places of residence; or (D) any other client exempted by rule or order under this chapter; (2) a person without a place of business in this State if the person has had, during the preceding 12 months, not more than five clients that are resident in this State in addition to those specified under paragraph (1); or (3) any other person exempted by rule or order under this chapter. (c) It is unlawful for an investment adviser, directly or indirectly, to employ or associate with an individual to engage in an activity related to investment advice in this State if the registration of the individual is suspended or revoked, or the individual is barred from employment or association with an investment adviser, federal covered investment adviser, or broker-dealer by an order under this chapter, the Securities and Exchange Commission, or a self regulatory organization, unless the investment adviser did not know, and in the exercise of reasonable care could not have known, of the suspension, revocation, or bar. Upon request from the investment adviser and for good cause shown, the Administrator, by order, may waive in whole or in part, the application of the prohibitions of this subsection to the investment adviser. (d) It is unlawful for an investment adviser to employ or associate with an individual required to be registered under this chapter as an investment adviser representative who transacts business in this State on behalf of the investment adviser unless the individual is registered under section 634(a) or is exempt from registration under section 634(b).
V.I. Code tit. 9, § 634 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter IV - Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Investment Advisers|§ 634. Investment adviser representative registration requirement and exemptions

 (a) It is unlawful for an individual to transact business in this State as an investment adviser representative unless the individual is registered under this chapter as an investment adviser representative or is exempt from registration as an investment adviser under subsection (b). (b) The following individuals are exempt from the registration requirement of subsection (a): (1) an individual who is employed by or associated with an investment adviser that is exempt from registration under section 633(b) or a federal covered investment adviser that is excluded from the notice filing requirements of section 635; and (2) any other individual exempted by rule or order under this chapter. (c) The registration of an investment adviser representative is not effective while the investment adviser representative is not employed by or associated with an investment adviser registered under this chapter or a federal covered investment adviser that has made or is required to make a notice filing under section 635. (d) An individual may transact business as an investment adviser representative for more than one investment adviser or federal covered investment adviser unless a rule or order under this chapter prohibits or limits an individual from acting as an investment adviser representative for more than one investment adviser or federal covered investment adviser. (e) It is unlawful for an individual acting as an investment adviser representative, directly or indirectly, to conduct business in this State on behalf of an investment adviser or a federal covered investment adviser if the registration of the individual as an investment adviser representative is suspended or revoked or the individual is barred from employment or association with an investment adviser or a federal covered investment adviser by an order under this chapter, the Securities and Exchange Commission, or a self-regulatory organization. Upon request from a federal covered investment adviser and for good cause shown, the Administrator, by order, may waive in whole or in part, the application of the prohibitions of this subsection to the investment adviser. (f) An investment adviser registered under this chapter, a federal covered investment adviser that has filed a notice under section 635, or a broker-dealer registered under this chapter, is not required to employ or associate with an individual as an investment adviser representative if the only compensation paid to the individual for a referral of investment advisory clients is paid to an investment adviser registered under this chapter, a federal covered investment adviser who has filed a notice under section 635, or a broker-dealer registered under this chapter with which the individual is employed or associated as an investment adviser representative.