Introduction

Welcome to Remedies and Administrative Provisions, the unit that explains what happens when someone violates securities laws, and who has the power to do what about it.

Exam Weight: Part of 45 questions (45% of exam)

What You'll Learn

In this unit, you'll cover:

• Authority of the State Securities Administrator: The broad powers to investigate, subpoena, make rules, and enforce the act, along with the limitations on what the administrator cannot do
• Administrative Actions: How the administrator denies, suspends, or revokes registrations, including due process protections and the emergency summary order process
• Other Penalties and Liabilities: Civil liability for sellers and controlling persons, criminal penalties for willful violations, rescission offers, and consent to service of process

Why This Matters

Understanding who can do what under the Uniform Securities Act is one of the most commonly tested distinctions on the Series 66. The exam loves to test whether the administrator or the courts handle a particular remedy. Get the jurisdiction boundaries wrong, and you'll miss easy questions. This unit draws a clear line between administrative power, civil liability, and criminal prosecution: three separate enforcement tracks that work together but never overlap.

Let's start with the foundation: what powers the state securities administrator actually has.