Series 63 practice questioneasyRemedies for Sale in Violation
A buyer who wins a civil judgment under Section 410 is generally entitled to recover which of the following?
- AThe original purchase amount plus interest, less income received✓ Correct answer
- BOnly the original purchase amount
- CThe original purchase amount plus double damages
- DThe value of the security at the time of judgment
Explanation
Why A — The original purchase amount plus interest, less income received
Section 410 entitles a buyer to recover the purchase price plus interest, less any income received, not just the purchase amount or double damages. Current market value is not the remedy specified by the USA.
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