Ask Reggi Your Question Now
Can you summarize NYCL BNK Article 2-B?
Banking > Financial Frauds
Short Summary
This legal document grants powers to the superintendent to investigate and take action against individuals or entities suspected of engaging in fraud, misdemeanors, or felonies related to activities regulated by the superintendent or involving regulated products. The superintendent is authorized to undertake necessary investigations and determine if any violations have occurred. The document specifically mentions the applicable articles of the penal law related to the crimes and frauds. However, it clarifies that the authority granted does not limit the department’s ability to assist other entities in investigations involving violations of the law.
Whom does it apply to?
Individuals or entities suspected of engaging in fraud, misdemeanors, or felonies related to activities regulated by the superintendent or involving regulated products
What does it govern?
Investigation and action against individuals or entities suspected of engaging in fraud, misdemeanors, or felonies related to activities regulated by the superintendent or involving regulated products
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
Not specified
Jurisdiction
New York