Series 53: Exercise

Exercise

Answer the following questions.

1. The SEC and the other governing regulatory agencies have the power to censure or suspend a municipal securities dealer for a period up to _____ or revoke their registration for committing a prohibited act if regulators determine it is in the public interest.

2. The _____ violation of any provision of the Securities Act, Exchange Act, other securities laws or regulations, or any MSRB rules could result in suspension or revocation of a municipal securities dealer’s registration.

3. _____ can also face penalties for failing to properly supervise the activities of an associated