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7 Cards in this Set

  • Front
  • Back
Investigations and subpoenas
-The admin may, at his discretion:
1.Make PUBLIC or PROVATE inv WITHIN or OUTSIDE the state at any time
2.Require any person to file a statement in writing
3.Publish info concerning any violation
Investigations and subpoenas
-The admin may:
1.Administer oaths
2.Subpoena witness
3.Take evidend

*CANNOT arrest, enjoin, or indict individuals or confiscate property
T or F
The admin may iss subpoenas at the request of a securities agency(FINRA) or admin of another state
T
Orders and Injunctions
-The admin may:
1.Appoint a receiver or conservator to enforce compliance
2.Digorge commissions
Criminal Penalties
1.Fine not more than $5k or imprisoned not more than 3 yrs, or BOTH.No info may be returned more than 5yrs after the alleged violation.
Civil Liabilities
Buyer may sue the seller to revocer the CONSIDERATION PAID for the sec + INTEREST from the date of payment + costs and attny fees
*NOT DOUBLE OR TREBLE the amnt

2.No person may sue more than 3 YEARS after the contract of sale or the rendering of inv advice, or 2 YEARS after discovery of facts
T or F
Any person (IA,IAR,BD or agent) may avoid civil liability by offering to refund the purchase price + interst if the offer is made PRIOR to suit
T