Question

The Administrator may impose disciplinary action against a registrant when the registrant has:__________. a) violated the provisions of federal securities law b) engaged in unethical practices, even if no law was broken c) failed to properly supervise an employee who committed prohibited practices as defined by the act failed to lend money to a very good client

Answer 1

Answer: c. failed to properly supervise an employee who committed prohibited practices as defined by the act failed to lend money to a very good client

Explanation:

Corrections are given to individuals who fail to carry out their task on those they're supervising. The registrant is supposed to monitor carefully the housing project and ensure they are no failure in those who are supposed to supervise employees. Failure to do so attracts discipline from the administrator.