If a broker-dealer in Illinois is found to have used client commissions to pay for non-research-related personal travel for its agents, what is the Administrator's MOST LIKELY course of action?

1. AIssue a cease and desist order and potentially impose fines✓ Correct answer
2. BSuspend all broker-dealer registrations in the state
3. CRefer the matter solely to FINRA
4. DRequire the broker-dealer to fire the responsible agent immediately

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