A practice question asks about civil penalties and disgorgement. Which answer best matches the official North Carolina rule?
Correct Answer
C) NC disciplinary authority includes civil penalties up to $25,000 per violation, disgorgement, prohibiting unfair or deceptive practices, and surrender consequences with Commissioner approval.
NC disciplinary authority includes civil penalties up to $25,000 per violation, disgorgement, prohibiting unfair or deceptive practices, and surrender consequences with Commissioner approval. North Carolina disciplinary authority includes civil penalties up to $25,000 per violation, disgorgement, prohibiting unfair or deceptive practices, and surrender consequences when approved by the Commissioner.
Why This Is the Correct Answer
NC disciplinary authority includes civil penalties up to $25,000 per violation, disgorgement, prohibiting unfair or deceptive practices, and surrender consequences with Commissioner approval. North Carolina disciplinary authority includes civil penalties up to $25,000 per violation, disgorgement, prohibiting unfair or deceptive practices, and surrender consequences when approved by the Commissioner.
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