A:

The maximum fine that can be assessed for a violation of the USA is what amount?

a. $3,000
b. $5, 000
c. $10,000
d. $20,000






The correct answer is "b". $5,000 is the maximum fine permitted for violations of the Uniform Securities Act.



RELATED FAQS
  1. Committing acts against the Commodity Exchange Act can result in fines up to ... ...

    Free info on financial certification exams including study guides, exam questions, and much more! Read Answer >>
  2. What do I do if I think an accountant is in violation of the Generally Accepted Accounting ...

    Learn where to report financial accounting fraud if you suspect an accountant is in violation of the generally accepted accounting ... Read Answer >>
  3. A sales representative or broker-dealer that violates the Uniform Securities Act ...

    The correct answer is a. The sales representative or broker-dealer is required to pay interest, court and attorney’s fees ... Read Answer >>
  4. Under the Uniform Securities Law, broker-dealers are required to sign a consent ...

    The correct answer is c. The consent to service of process appoints the Administrator as attorney in the event of any lawsuits ... Read Answer >>
  5. What happens to the fines collected by the Securities and Exchange Commission?

    When the Securities and Exchange Commission (SEC) enforces a civil action against a corporation or an individual found guilty ... Read Answer >>
  6. Under the Uniform Securities Act, the statute of limitations for criminal suits ...

    The correct answer is c. For alleged criminal violations, the suit must be filed within five years from discovery. Read Answer >>
Related Articles
  1. Professionals

    Civil Liabilities

    FINRA/NASAA Series 63: Section 5 Civil Liabilities. In this section: several instances in which a client may sue and calculation for damages, investment advice and the statute of limitations.
  2. Professionals

    Introduction

    FINRA/NASAA Series 66: Section 7 Foundation for Regulatory Issues. This section explains blue sky laws and the uniform securites act (USA) in detail.
  3. Professionals

    National Conference of Commissioners on Uniform State Laws (NCCUSL)

    FINRA/NASAA Series 63 - National Conference of Commissioners on Uniform State Laws (NCCUSL). In this section National Conference of Commissioners on Uniform State Laws and federal and state securities ...
  4. Retirement

    8. It Violates The Golden Rule Of Personal Finance

    Dipping into your savings can put a big dent in your future plans. Find out how.
  5. Professionals

    The Uniform Securities Act (USA) - Definition Part 1

    FINRA/NASAA Series 63 - The Uniform Securities Act (USA) - Definition Part 1. This section explains blue sky laws, the USA and related important definitions.
  6. Professionals

    Standard IV-C: Responsibilities Of Supervisors

    CFA Level 1 - Standard IV-C: Responsibilities Of Supervisors
  7. Professionals

    Criminal Penalties and Other Provisions

    FINRA/NASAA Series 63: Section 5 Criminal Penalties and Other Provisions. In this section criminal penalties, conviction, statute of limitations and other provisions.
  8. Professionals

    Buying Puts

    An investor who purchases a put believes that the underlying stock price will fall and that they will be able to profit from a decline in the stock price by purchasing puts. An investor who purchases ...
  9. Professionals

    BUYING PUTS

    Buying Puts An investor who purchases a put believes that the underlying stock price will fall and that they will be able to profit from a decline in the stock price by purchasing puts. An investor ...
  10. Professionals

    Other Penalties and Liabilities: Civil

    FINRA/NASAA Series 66 - Other Penalties and Liabilities: Civil. This section deals with civil liabilties, a client's ability to sue and the calculation of damages.
RELATED TERMS
  1. Breach Of Contract

    Violation of any of the agreed-upon terms and conditions of a ...
  2. Inspectorial Powers

    A state administrator's or other regulatory entity's power to ...
  3. Division Of Enforcement

    The Division of Enforcement is a branch of the U.S. Securities ...
  4. Fine Tuning

    Fine tuning refers to the process of making small modifications ...
  5. Life Cap

    The maximum amount that the interest rate on an adjustable rate ...
  6. Maximum Leverage

    The maximum size of a trading position permitted through a leveraged ...

You May Also Like

Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center