Series 65: 9.2.2. Other Penalties And Liabilities

9.2.2. Other Penalties and Liabilities

In addition to revoking, denying, or suspending someone’s registration, a state administrator can pursue civil liabilities, criminal penalties, and financial damages against a registered person or firm. The decision of which to pursue depends on a number of things, including the severity of the violation and the willingness of the professional or firm to work with the administrator.

The Uniform Securities Act states that persons whose securities transactions or investment advice violate the act’s provisions are subject to civil liabilities. But if a violation is serious enough, the ad