Laws & RegulationsPregunta 106 de 110
Under the Uniform Securities Act, a willful violation of the act by an adviser or agent can result in which of the following?
a.Only a private apology to the client
b.Automatic loss of the client's account
c.A guaranteed civil settlement with no penalty
d.Criminal penalties, including fines and imprisonment, in addition to civil liability
Explicación
A willful violation of the Uniform Securities Act can subject a person to criminal penalties, including fines and imprisonment, as well as civil liability and administrative sanctions such as registration revocation. The act sets statutory limits on the amount and term of criminal penalties. These serious consequences underscore the importance of compliance.
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