Series 63 practice questionhardCriminal Penalties—Imprisonment and Fines for Violations
A willful violator is convicted under the USA and receives a $5,000 fine and a 4-year prison term. Which is correct?
- AThe sentence is within the limits of the USA
- BThe fine is below the USA maximum, but the prison term exceeds the limit✓ Correct answer
- CBoth the fine and prison term exceed the USA limits
- DBoth the fine and prison term are at the statutory minimum
Explanation
Why B — The fine is below the USA maximum, but the prison term exceeds the limit
Section 409 sets the maximum at $5,000 fine and 3 years' imprisonment. The fine is within the limit, but the prison term exceeds what the USA allows.
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