Term
Investigation and Subpoenas, Prohibited Orders and Injunctions,
Jurisdiction over Uniform Securities Act
Jurisdiction over Media Offerings |
|
Definition
| What are some functions that are performed by the Administrator to monitor and direct the State's securities laws? |
|
|
Term
| Criminal Liability (up to 3 years in prison) for willfully violating any order or provision of the Uniform Securities Act. Civil Liability (no prison - civil court determines fee) |
|
Definition
| What is the primary difference if a person is found to have willfully violated any order of the Uniform Securities Act, and a person found in violation of the Act without willfull intent? |
|
|
Term
| Recover customer's funds. |
|
Definition
| With a civil liability issues, what is the customer entitled to recover? |
|
|
Term
1) The cost or fee for the advice
2) Costs and resonabile attorney fees
3) Any loss due to the advice, minus any income received from the advice. |
|
Definition
| If a person who dispenses investment advice for a fee is found in violation of the Act, what is the customer entitled to recover? |
|
|
Term
1) Failing to be properly registered as an agent or broker-dealer
2) Soliciting of unregistered, non-exempt securities
3) Willfully participating in transactions that manipulate the market and affect the price of security
4) Failing to provide a prospe |
|
Definition
| Under what transactions would civil liabilities apply? |
|
|
Term
|
Definition
| Under a letter of rescission, a person may offer to buy back the security provided what information is delivered to the purchaser in the written rescission offer? |
|
|
Term
|
Definition
| When does the Uniform Securities Act give the Administrator jurisdiction over any offer to buy or sell, or any acceptance of the offer? |
|
|
