Final answer:
The actions against an associated person of a member firm can include suspension, termination, and disciplinary actions with fines. The specific measures are determined by regulatory bodies and are based on the severity and nature of the violation.
Step-by-step explanation:
The actions that can be taken against an associated person of a member firm for violations can involve a range of disciplinary measures. These actions are typically governed by regulatory bodies such as the Financial Industry Regulatory Authority (FINRA) in the United States and can include suspension of the individual from working within the industry for a certain period, termination of employment, and disciplinary actions with fines where the monetary penalty can exceed a minimum set amount depending on the severity of the violation.
In addition to these penalties, other sanctions might include mandatory training, restitution to harmed parties, and disqualification from holding certain positions within the industry. Each case is assessed individually, and the specific actions taken are determined based on the nature and gravity of the misconduct.