Is Rick Correct in That the SEC Would Have No

question 2

Multiple Choice

Is Rick correct in that the SEC would have no authority to send Bruno to jail?

• A) Rick is correct because there are no criminal penalties for violating the 1933 act.
• B) Rick is incorrect because the SEC criminally prosecutes some violators although the action would only be a misdemeanor.
• C) Rick is correct in that the SEC itself would not send Bruno to jail, but the SEC could recommend criminal action to the Department of Justice resulting in imprisonment for up to five years for a violation.
• D) Rick is incorrect because the SEC criminally prosecutes some violators, and a violation of the act is considered a felony.
• E) Rick is correct in that the SEC itself would not send Bruno to jail, but the SEC could recommend criminal action to the Federal Bureau of Investigation resulting in imprisonment for up to ten years for a violation.

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Definitions:

Specialised Tasks

Activities or duties that require a specific set of skills or expertise to be performed efficiently.

Standardising Work Procedures

The practice of developing and implementing uniform procedures for tasks to increase efficiency and consistency across an organization.

Organisational Commitment

The psychological attachment and loyalty an employee feels towards their organization, which can influence their willingness to work and perform.

Loyalty

Loyalty is the quality of being faithful to commitments or obligations, often reflected in consistent support or allegiance to a person, group, institution, or cause.