Insider Trading Penalties
Insider trading is subject to a maximum civil penalty of treble damages (three times the amount of the benefit obtained by the violation). “Benefit obtained” means any gain the trader received or any loss the trader may have avoided. The maximum civil penalty that can be imposed on a firm when an employee engages in insider trading is the greater of $1 million or three times the amount of the profit gained or loss avoided as a result of the violation.
For more severe instances, the Justice Department may bring criminal charges, carrying maximum penalties of $5 million for each willful violation and/or 20 years in prison. Firms may be fined up to $25 million.
VIDEO
Since you're reading about Series 24: Insider Trading Penalties , you might also be interested in:
Please Enable Javascript
TESTIMONIALS
What are people saying?
I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!
Steven Eisner, Penn Mutual/HTK, Hauppauge, NY
Just wanted to say
thank you and give you a good review. I actually found that your test questions
were harder than the actual exam and the explanations and the ability to create
tests of all of my wrong answers helped me focus on my weak areas of the exam.
I passed the first time and don't believe I couldn't have done it without your
test bank. Thanks again.
Chris Porosky, FL
I took another vendors 24 course but it did not
compare to how Solomon Exam Prep for Series 24 prepared me. The material
and practice exams, especially the timed exams, were broken up by
sections, similar to the FINRA Exam. This really helped in allowing me to
understand which section(s) I needed to spend more time on/hit harder.
Thank you Solomon!!!
Jim Ruckman, Mass Mutual
I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!
Gus Velleco, Allstate, Charleston, SC
After trying numerous study materials, Solomon was the key to pass my Series 24. The live class was a perfect complement. Thank you Karen for your assistance!
Marie, Miami, FL
I just took the Series 24 and passed with an 80%. I couldn't have done it without the Solomon test simulator.
Joseph Shapiro,
Edward Jones Investments,
St. Louis, MO
Read more reviews
