What is the penalty for running an irresponsible promotion?

The penalty for running an irresponsible promotion is designed to deter licensees and individuals from engaging in practices that could negatively impact public safety or the integrity of the licensing framework. In this context, the correct answer reflects a serious financial consequence, imposing a maximum fine of $10,000 on both the licensee and any other person involved.

This significant penalty underscores the importance of adhering to responsible promotional practices within the industry, aiming to protect consumers and maintain ethical standards. It sends a clear message regarding the regulatory authority's stance on irresponsible promotions, indicating that violations could lead to substantial financial repercussions for those who participate in or endorse such promotions.

Other responses propose various levels of penalties, which either focus on specific individuals or offer much lower maximum fines. However, they do not encompass the broad scope of responsibility attributed to both the licensee and others involved, nor do they reflect the severity of the situation as captured by the correct answer. The emphasis on a maximum fine of $10,000 serves to reinforce the seriousness with which regulatory bodies view irresponsible promotional activities.