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Exam Series 63 All Questions

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Exam Series 63 topic 1 question 229 discussion

Actual exam question from FINRA's Series 63
Question #: 229
Topic #: 1
[All Series 63 Questions]

The 1988 Insider and Securities Enforcement Act indicates that a person convicted of insider trading can be subject to which of the following penalties?

  • A. up to 10 years in prison and a fine of $1 million or up to 3 times the amount of profits gained, or
  • B. up to 3 years in prison, a $5,000 fine, or both
  • C. up to 5 years in prison and a fine of $1,500,000 or both
  • D. up to 7 years in prison and a fine equal to 200% of the amount of profits gained or losses avoided
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Suggested Answer: A 🗳️
The 1988 Insider Trading and Securities Enforcement Act increased the penalties for a person convicted of insider trading to up to 10 years in prison and a fine of $1 million or up to 3 times the amount of profits gained, or losses avoided.
by lolojepu at April 6, 2025, 1:52 a.m.

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