Section 1605. Violations; penalties

(a)  Every person who willfully violates any provision of this article
  shall be guilty of a class E felony; every person who willfully violates
  any order, rule or regulation issued pursuant thereto, shall  be  guilty
  of a class A misdemeanor.
    (b)  A  violation  of any provision of this article shall constitute a
  fraudulent practice within the meaning of article twenty-three-A of  the
  general business law.
    (c)  Every  person who violates any provision of this article shall be
  subject to a civil penalty of one thousand dollars per  violation  if  a
  natural  person  or ten thousand dollars per violation if a corporation.
  When the violation is the failure to file a  registration  statement  as
  required  by  subdivision  (a)  of  section  sixteen hundred two of this
  article, the  failure  to  file  a  solicitation  or  recommendation  as
  required  by  subdivision  (c)  of  section  sixteen hundred two of this
  article, or the failure to amend such registration statement as required
  by subdivision (b) of section sixteen hundred  three  of  this  article,
  each   business   day   of   non-registration   or  failure  to  file  a
  recommendation  or  solicitation  or  failure  to  amend  constitutes  a
  separate  violation.  The  penalty  imposed  by  this  section  shall be
  cumulative and more than one penalty shall be recoverable  in  the  same
  action in any court of competent jurisdiction.