Series 65: Exercise

Exercise

Answer true or false.

1. True or false. If a person does not respond to an administrator’s request for information, the administrator can rescind the person.

2. True or false. An administrator can issue a cease and desist order without requesting a court injunction.

3. True or false. An administrator has the authority to imprison professionals who violate securities regulations.

4. True or false. The statute of limitations for civil violations is three years from the date of a violation itself or two years from the date an investor discovers that a violation took place.

5. True or false. In the case of a final order that is vacated, all charges and penalties are dropped.

Answers