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Finra Series-63 Exam - Topic 6 Question 28 Discussion

Actual exam question for Finra's Series-63 exam

Question #: 28
Topic #: 6

[All Series-63 Questions]

What criminal penalties are specified for ''willful violations'' of the Uniform Securities Act?

Alicense suspension.

Bup to 3 years in prison or a $5,000 fine, or both.

Cup to 5 years in prison or a $10,000 fine, or both.

Show Suggested Answer

Suggested Answer: C

The criminal penalties specified by the Uniform Securities Act for ''willful violations'' of the act are up to 3 years in prison or a $5,000 fine, or both, for each violation.

by Alfreda at Aug 13, 2026, 09:13 AM

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Rozella

4 days ago

I’m a bit confused about the specifics. I thought the penalties were harsher, but I can't recall if it was 5 years or 3 years.

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Tegan

9 days ago

I practiced a question like this last week, and I believe it was about 3 years in prison or a $5,000 fine, which sounds like option B.

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Avery

14 days ago

I think I remember that willful violations can lead to serious penalties, but I’m not sure if it’s option B or C.

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