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. 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 >>
  2. 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 >>
  3. 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 >>
  4. Under the Uniform Securities Act, the statute of limitations for criminal suits ...

    The correct answer is d. For alleged criminal violations, the suit must be filed within five years from discovery. Read Answer >>
  5. According to the USA, it is unlawful for a person to offer to sell a security in ...

    a. the security is registered with Federal Reserve. b. it is a federal covered security, is exempted from registration, or ... Read Answer >>
Related Articles
  1. Personal Finance

    FINRA on Track for Record Year of Fines

    FINRA is on track to levy fines that hit a record level amount in 2016.
  2. Personal Finance

    U.S. Cities With The Largest Parking Fines

    You should think twice before parking in the wrong spot or parking incorrectly in these cities.
  3. Investing

    Legal Risk Study: XLB, How Much Fines Have Component Companies Paid?

    Discover three component companies in the Materials Select Sector SPDR Fund that have had fines imposed, and learn why the companies received penalties.
  4. Financial Advisor

    SEC Brings Record Number of Enforcement Cases

    The SEC has brought a record number of enforcement cases in its most recent fiscal year.
  5. Investing

    Legal Risk Study: XLF, Top 3 Components With Legal Fines (GS, C)

    Discover three component companies in the Financial Select Sector SPDR ETF that have had fines imposed. Learn why the companies received penalties.
  6. Financial Advisor

    Succeeding At The Series 63 Exam

    Your career as a securities agent begins with this test. We'll show you how to score high.
  7. Investing

    European Banks May Get Reprieve (DB, BCS)

    Banks facing big fines from the Department of Justice may have more time to settle with regulators.
  8. Personal Finance

    How Line of Credit Works

    A line of credit is an arrangement where a bank offers a maximum loan amount that the borrower can draw upon at any time. The borrower – which can be an individual, business or government ...
  9. Investing

    New Lows for Deutsche Bank on No Bailout Promise (DB)

    The German bank won’t get bailed out by the German government, according to an in-country report.
  10. Investing

    History Of The U.S. Federal Trade Commission

    Since the early 1900s, the Federal Trade Commission has been working to protect U.S. citizens from corporations.
RELATED TERMS
  1. Fine Print

    Contract terms and conditions, disclosures or other important ...
  2. Maximum Leverage

    The maximum size of a trading position permitted through a leveraged ...
  3. Selling Away

    When a broker solicits you to purchase securities not held or ...
  4. Maximum Loan Amount

    Describes the maximum amount that a borrower can borrow. The ...
  5. Assessable Security

    A type of stock that companies issued to investors at a discount ...
  6. Limit Down

    The maximum amount by which the price of a commodity futures ...
Trading Center