Practice Quiz

FINRA Series 6

Category - Series 6

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Any person who willfully acts in violation of the Securities Act of 1933, or any SEC rule, is subject to a penalty of:
  1. 10 years in prison or a $10,000 fine, or both.
  2. 5 years in prison or a $10,000 fine, or both.
  3. 10 years in prison or a $25,000 fine, or both.
  4. 5 years in prison or a $5,000 fine, or both.
Explanation
Answer: B - Any person who willfully acts in violation of the Securities Act of 1933, or any SEC rule, is subject to a penalty of 5 years in prison or a $10,000 fine, or both.
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