Series 24: 2.2.1.3.1. Insider Trading Penalties

Taken from our Series 24 Online Guide

2.2.1.3.1. 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.

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 2.2.1.3.1. Insider Trading Penalties, you might also be interested in:

Series 51 - Discretionary Trading

Series 26 - Retail Communications

Series 63 - 4.7.2 Electronic Communications and Social Media

Series 65 - Opening and Closing Positions

Series 7 - 3.3.3.1.2 Final Official Statement

Series 6 - 5.1.3.3. Additional Fees

Series 24 - Managing Investor Risk

Please Enable Javascript
to view this content!

Site Login

Forgot Password?

Create an Account

TESTIMONIALS

What are people saying?

Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.

Eric Altmann

I took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.

Thadius Beavers, Prospera Financial. Dallas, TX.

Excited to say I passed the Series 24 the first time I sat for the exam. The course material and exam simulator were paramount in my preparation.

Ben Young, Berthel Fisher. Cedar Rapids, IA

This is my fourth time using Solomon's exam materials (Series 99, 7, 63, and now the 24)....and I PASSED once again on my first try. Thank you Solomon- your exam question simulator was extremely helpful!

Kim Schmidt, Elmcore Securities, Las Vegas

I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

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