SERIES-6 practice question 6 of 35

Any person who willfully acts in violation of the Securities Act of 1933, or any SEC rule, is subject to a penalty of:

Full set: 325 questions
Answer options
A: 10 years in prison or a $10,000 fine, or both.
B: 5 years in prison or a $10,000 fine, or both. Correct answer
C: 10 years in prison or a $25,000 fine, or both.
D: 5 years in prison or a $5,000 fine, or both.
Correct Answer:
B. 5 years in prison or a $10,000 fine, or both.
Explanation

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.

Keep practicing

Take the free SERIES-6 practice test

Ten exam-style questions with answers and explanations, plus the exam facts and study guides.

Start the free practice test

More questions

Other SERIES-6 practice questions

Scroll to Top