Administration & LiabilityCâu 91 / 100
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:
a.Triple the amount invested as punitive damages
b.The consideration paid plus interest, less any income received on the security, together with costs and reasonable attorney's fees, upon tender of the security
c.Only the difference between the purchase price and the current market price
d.Nothing, because civil remedies are unavailable under the act
Giải thích
The civil liability provision makes the buyer whole by returning the purchase price plus interest, reduced by income already received, along with court costs and reasonable attorney's fees, in exchange for tendering the security back. If the investor no longer owns it, damages are calculated in a comparable way. The act's remedy is restitutionary rather than a punitive multiple of the investment.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Before denying, suspending, or revoking a registration, the Administrator must generally find that:
- The Administrator believes immediate action is needed against a registrant while a proceeding is pending. The Administrator may:
- Under the Uniform Securities Act as commonly adopted, a person convicted of a willful violation of the act faces criminal penalties of:
- A broker-dealer discovers it sold securities in violation of the act and sends the purchaser a written offer of rescission. Which statement is correct?
- A registrant disagrees with a final order entered by the Administrator. The registrant may:
- An Administrator has jurisdiction over an offer or sale when:
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