70. Every depositary which(1) fails to retain for the period prescribed by regulation a document produced under section 31,
(2) fails to transmit to a buyer in writing and in the language of the contract specified by the seller the information prescribed by section 36 within thirty days from the first deposit in trust made on his behalf, or
(3) contravenes a provision of a regulation the contravention of which constitutes an offence,
is guilty of an offence and is liable to a fine of not less than $500 nor more than $25,000.