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Series 63: Remedies & Administrative Provisions
Series 63 practice questionmediumBuyer's Remedies

A client buys securities from an agent who omitted to disclose material facts. The client sues and wins under Section 410. What additional amounts, besides the purchase price and interest, may the client recover?

  1. AReasonable attorney’s fees and court costs✓ Correct answer
  2. BTriple damages
  3. CPunitive damages
  4. DA portion of the agent's commissions
Explanation

Why AReasonable attorney’s fees and court costs

Section 410 allows for recovery of reasonable attorney’s fees and court costs in addition to the purchase price and interest. Triple and punitive damages are not available, and commissions are not remitted to the client.

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