Administration & LiabilityPregunta 89 de 100
The Administrator believes immediate action is needed against a registrant while a proceeding is pending. The Administrator may:
a.Do nothing until a final order is entered
b.Order the registrant to pay restitution without any hearing
c.Have the registrant arrested pending the outcome
d.Summarily postpone or suspend the registration pending final determination, provided prompt written notice is given and a hearing is promptly scheduled if requested
Explicación
The act permits a summary postponement or suspension of a registration while a proceeding is pending, balanced by the requirement of prompt written notice of the order and the reasons for it, plus a hearing within a short period if the affected person requests one. Waiting helplessly for a final order would defeat the purpose of the emergency power. Arrests and criminal sanctions are for courts, not the Administrator.
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Preguntas relacionadas de este tema
- In investigating a suspected violation, the Administrator may:
- Which statement about a cease and desist order is correct?
- Before denying, suspending, or revoking a registration, the Administrator must generally find that:
- Under the Uniform Securities Act as commonly adopted, a person convicted of a willful violation of the act faces criminal penalties of:
- An investor buys a security in a sale that violated the registration provisions of the act. In a civil suit, the investor may generally recover:
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