Question of the Week
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.