New York Financial Services Law Article 4 - FINANCIAL FRAUDS PREVENTION

• 402 - Legislative Declaration.
  The legislature hereby finds and declares that financial frauds take many forms across multiple industries. The legislature further finds that financial fraud is detrimental to...
• 403 - Financial Frauds and Consumer Protection Unit.
  (a) The superintendent shall establish a financial frauds and consumer protection unit in the department of financial services. (b) The financial frauds and consumer protection...
• 404 - Powers of the Financial Frauds and Consumer Protection Unit.
  404. Powers of the financial frauds and consumer protection unit. (a) The superintendent has authority under this article, the banking law, the insurance law and...
• 405 - Immunity.
  In the absence of fraud or bad faith, no person subject to the provisions of this chapter, the banking law or the insurance law shall...
• 406 - Other Law Enforcement Authority, Powers and Duties Not Affected or Impaired.
  This article shall not: (a) Preempt the authority or relieve the duty of other law enforcement agencies to investigate and prosecute suspected violations of law;...
• 408 - Civil Penalty.
  (a) In addition to any civil or criminal liability provided by law, the superintendent may, after notice and hearing, levy a civil penalty: (1) not...
• 409 - Reports.
  (a) Whenever the superintendent is satisfied that a violation subject to section four hundred eight of this article or fraud or other criminal activity under...

Last modified: February 3, 2019