Q:

Under the Uniform Securities Act, the statute of limitations for criminal suits is how long?
a) 2 years from discovery
b) 1 year from discovery
c) 7 years from discovery
d) 5 years from discovery

A:

The correct answer is d.
For alleged criminal violations, the suit must be filed within five years from discovery.


RELATED FAQS

  1. Why are the factors of production important to economic growth?

    Find out why the factors of production are critical for real economic growth, where wages rise and consumer goods costs fall ...
  2. Do I still owe debt collectors for a debt that's past the statute of limitations ...

    Learn more about the statutes of limitations that govern certain personal debts and why you maintain obligations as a debtor ...
  3. Under the Uniform Securities Act, federal covered securities include those sold ...

    The correct answer is b. Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at ...
  4. Under the Uniform Securities Act, federal covered securities include those sold ...

    The correct answer is b. Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at ...
  5. 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 ...
  6. 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!
RELATED TERMS
  1. Discovery Value Accounting

    A method of accounting often used in the oil and gas, mining ...
  2. Statute Of Limitations

    A statute of limitations is a law which sets out the maximum ...
  3. Continuing Undertaking Rule

    A legal rule that temporarily stops the statute of limitations ...
  4. Phishing

    A method of identity theft carried out through the creation of ...
  5. Uniform Securities Act

    An act created as a starting point for state-level securities ...
  6. Regulation D - Reg D

    A Securities and Exchange Commission (SEC) regulation governing ...
Hot Definitions
  1. Derivative

    A security with a price that is dependent upon or derived from one or more underlying assets.
  2. Fiduciary

    A fiduciary is a person who acts on behalf of another person, or persons to manage assets.
  3. Sharpe Ratio

    The Sharpe Ratio is a measure for calculating risk-adjusted return, and this ratio has become the industry standard for such ...
  4. Death Taxes

    Taxes imposed by the federal and/or state government on someone's estate upon their death. These taxes are levied on the ...
  5. Retained Earnings

    Retained earnings is the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested ...
  6. Demand Elasticity

    In economics, the demand elasticity refers to how sensitive the demand for a good is to changes in other economic variables. ...
Trading Center