Securities professionals, such as stock brokers, may be fined by the SEC for rule violations, but the Supreme Court has held that they cannot be barred from the industry because that is an unjust taking.

Question

Quizplus · Accepted Answer

The statement is incorrect. The Supreme Court has allowed the SEC to bar securities professionals from the industry for rule violations in order to protect investors and maintain the integrity of the securities markets.

Securities Professionals, Such as Stock Brokers, May Be Fined by the SEC