What Actions Can the SEC Take Against a Violator of the Securities

question 48

Multiple Choice

What actions can the SEC take against a violator of the Securities Exchange Act of 1934?

• A) It may enter into consent orders with defendants.
• B) It may seek injunctions in Federal District Court.
• C) It may seek a court order requiring defendants to disgorge illegal profits.
• D) It may seek civil penalties up to three times the illegal profits from insider trading.
• E) All of the above.

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Definitions:

Population Of Interest

The complete set of individuals, items, or data that a study aims to understand or draw inferences about.

Councilman

An elected member of a council, tasked with legislating and making decisions for a local government area.

Descriptive Measure

A quantitative summary or representation of a set of data, used to describe the main features of a collection of information, including measures of central tendency and dispersion.

Population

The entirety of individuals or items under consideration for a statistical analysis or survey.