Final answer:
The Uniform Securities Act allows a securities administrator to suspend or revoke a registration, issue a cease and desist order, or bring a court action. However, the administrator cannot impose a civil fine of up to $5,000.00 per violation; this would likely require a court action.
Step-by-step explanation:
The Uniform Securities Act is a set of laws intended to regulate the sale of securities, along with brokers, dealers, and investment bankers. It delineates various enforcement actions that can be taken by a state securities administrator for violations of the Act, designed to protect investors and maintain fair markets.
Under the Act, the administrator may take several actions if a violation occurs. These involve the power to: suspend or revoke a registration, which is essentially the license to operate within the securities industry; issue a cease and desist order, to immediately halt any ongoing violation; or bring a court action for cases requiring legal intervention. However, the Act does not empower the administrator to impose a civil fine of up to $5,000.00 per violation directly. The size of fines may vary and generally, substantial fines would likely require a legal process, potentially involving court action.
For comparison, an agency with a structure for direct fines is OSHA, where the fines are structured based on the gravity of the violation and other factors, with maximum caps set at $7,000 for serious violations and $70,000 for repeat or willful violations. Unlike the securities administrator, OSHA can direct fines without first taking court action.