* § 16. Imposition of penalties for violations. Any corporation,
person or persons, licensed under the provisions of this chapter, that
shall willfully violate any rule or order of the commission or any
provision of this chapter, in addition to any other penalty by law
prescribed, shall be liable to a civil penalty not to exceed ten
thousand dollars for the first offense and not to exceed twenty-five
thousand dollars for the second and each subsequent offense, to be
imposed by the commission, to be sued for by the attorney-general in the
name of the people of the state of New York if directed by the
commission. The amount of the penalty collected by the commission or
recovered in any such action, or paid to the commission upon a
compromise as hereinafter provided, shall be transmitted by the
department of state into the state treasury and credited to the general
fund. The commission, for cause shown, may extend the time for the
payment of such penalty and, by compromise, may accept less than the
amount of such penalty as imposed in settlement thereof. For the
purposes of this section, each transaction or statutory violation shall
constitute a separate offense, except that a second or subsequent
offense shall not be deemed to exist unless a decision has been rendered
in a prior, separate and independent proceeding.

* NB Repealed September 1, 2016