[Series 66] 43, Civil Liability and Criminal Penalties

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How state civil remedies under the Uniform Securities Act aim to make investors whole through rescission, interest, attorney fees, and court costs. - The civil statute of limitations rules under state law, requiring action within three years of sale or two years of discovery, whichever comes first. - The conditions under which letters of rescission bar civil litigation if unaccepted after thirty days. - State criminal penalty maximums under the Uniform Securities Act and how they compare to federal standards. - The role of state Administrators versus state prosecutors in enforcing criminal securities laws. This independent prep content helps you study effectively for the Series 66 exam. Practice more questions at https://open-exam-prep.com/practice/series66 and watch video tutorials at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://www.nasaa.org/wp-content/uploads/2023/02/Series-66-Outline-June-2023.pdf https://www.nasaa.org/exams/general-exam-information/series-66-exam-content-outline/ https://www.nasaa.org/wp-content/uploads/2021/10/1956-Uniform-Securities-Act-with-NASAA-Updates-and-Commentary.pdf