Other Penalties and Liabilities: Rapid Fire

What this video covers

• The Administrator's power to issue cease and desist orders alone versus the court requirement for injunctions, receivers, and disgorgement
• The meaning of willful in criminal penalties: intent to commit the act, not intent to break the law
• The 5-3 memory aid for criminal maximums, a $5,000 fine and 3 years imprisonment, plus the defense that ignorance of a rule blocks jail but not fines
• The buyer's private right of action for fraud (burden flips to seller with no-knowledge-plus-reasonable-care defense) versus strict liability for registration violations
• The rescission formula: purchase price plus interest, minus income received, plus costs and reasonable attorneys' fees, and the 30-day silence trap on written rescission offers
• SIPC coverage limits of $500,000 per customer per capacity, with the $250,000 cash sublimit sitting inside the total, and what triggers SIPC versus what does not
• The civil statute of limitations: two years from discovery versus three years from sale, with whichever date occurs first controlling