(205 ILCS 731/20-50)
Sec. 20-50. Enforcement actions. (a) As used in this Article, "enforcement action" means an action including, but not limited to, all of the following: (1) Suspending or revoking a registration under this |
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(2) Ordering a person to cease and desist from doing
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| digital asset business activity with or on behalf of a resident.
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(3) Requesting the court to appoint a receiver for
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| the assets of a person doing digital asset business activity with or on behalf of a resident.
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(4) Requesting the court to issue temporary,
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| preliminary, or permanent injunctive relief against a person doing digital asset business activity with or on behalf of a resident.
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(5) Assessing a civil penalty under Section 20-70.
(6) Recovering on the security under Section 20-5 and
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| initiating a plan to distribute the proceeds for the benefit of a resident injured by a violation of this Act, or law of this State other than this Act that applies to digital asset business activity with or on behalf of a resident.
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(7) Imposing necessary or appropriate conditions on
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| the conduct of digital asset business activity with or on behalf of a resident.
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(8) Seeking restitution on behalf of a resident if
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| the Department shows economic injury due to a violation of this Act.
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(b) The Department may enter into a consent order with a person regarding an enforcement action.
(c) This Section does not provide a private right of action to a resident, provided this Section does not preclude an action by a resident to enforce rights under Article 5 or subsection (a) of Section 20-5.
(Source: P.A. 104-428, eff. 8-18-25.)
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