Question of the Week

A sales representative or broker-dealer that violates the Uniform Securities Act when offering or selling securities incurs civil liability to:

I. Pay court fees and reasonable attorney’s fees
II. Repurchase the security from the customer at the original purchase price
III. Pay interest as required by the Administrator, minus any income the customer received from the security

a) I, II & III
b) I & II
c) II only
d) I & III


The correct answer is a.

The sales representative or broker-dealer is required to pay interest, court and attorney’s fees and to buy back the security from the customer if a violation occurs.

Financial Professionals
  1. Trading Strategies

    Selecting Mergers & Acquisitions Advisories For Small Businesses

  2. the general ledger is the record of a company's entire financial transaction history.

    What's a General Ledger?

  3. Several things factor into the salary of a financial advisor. Here's a look.
    Investing Basics

    How Much Does A Financial Advisor Earn?

  4. These 5 strategies offer financial advisors a blueprint on how to grow their practices.

    Growth Strategies For Financial Advisors

  5. If you're considering investing in China and want to know when to buy, sell, hold or stay away, consider these economic indicators.

    Eyeing China? Consider These Economic Indicators