Question

A broker-dealer and its associated persons may be subjected to sanctions for violations of FINRA and SEC rules. Which of the following penalties can be levied against both the member firm AND its associated persons?

A. Censure
B. Limits placed on activities
C. Imprisonment
D. Loss of SIPC coverage

Answer 1

Answer:. Censure

Step-by-step explanation:

The penalty that can be levied against the broker-dealer and its associated persons that are subjected to sanctions for violations of FINRA and SEC rules is the censure.

The censure means that the broker dealers and the associatee person's are disapproved.