Laws & RegulationsCâu 106 / 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
Giải thích
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.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which use of a professional designation or registration status by an adviser would be considered misleading?
- Which professional is most likely excluded from the definition of investment adviser when advice about securities is incidental to their practice and no special compensation is received?
- An adviser's obligation to protect clients' nonpublic personal information and provide a privacy notice arises principally from which requirement?
- Under the Uniform Securities Act, an individual who represents a broker-dealer in effecting securities transactions is defined as which of the following, and must generally register?
- State rules addressing an adviser that maintains custody or discretion over client accounts commonly require the adviser to do which of the following?
- An adviser is granted authority to decide only the price and time at which to execute a client-specified purchase of a particular security. This is best described as:
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