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This document outlines the charges against Terrence R. Sprague for alleged violations of the Securities Act of Washington, including misrepresentation and unsuitable investment recommendations related

How to fill out statement of charges and

How to fill out Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines

1. Obtain the Statement of Charges and Notice of Intent to Issue form from the relevant regulatory authority's website.
2. Fill in the date at the top of the form.
3. Provide details of the individual or entity facing the charges, including name, address, and registration number.
4. Clearly outline the specific violations or issues being addressed in the charges section.
5. Include supporting evidence or documentation that substantiates the charges.
6. Specify the proposed penalties, including any fines or suspension of registration.
7. Complete the section detailing the rights of the individual or entity to contest the charges.
8. Sign and date the document, indicating that all information provided is accurate to the best of your knowledge.
9. Submit the completed form to the appropriate authority or agency as instructed.

Who needs Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines?

1. Individuals or entities that are facing regulatory violations or non-compliance issues.
2. Professionals who hold a license or registration that is at risk of suspension or fines due to alleged infractions.
3. Organizations subject to regulatory oversight that may be issued charges impacting their operational status.

People Also Ask about

Can administrative agencies issue cease and desist orders?

A cease and desist order is an order by an administrative agency that requires certain practices specified to stop. It is used in Labor and Employment Law , Security Law , Education Law , and a lot of other areas of law. Typically, an administrative judge has the discretion to decide over the issuance of the order.

Under which conditions can an administrator issue a cease and desist order?

If the Administrator believes that a violation of the act has occurred or is about to occur, the Uniform Securities Act grants the office the power to: issue a cease and desist order.

What is the purpose of the Uniform Securities Act?

The Uniform Securities Act is a model law created as a starting point for state-level securities regulation. The purpose of the Uniform Securities Act is to deal with securities fraud at the state level and to assist the Securities and Exchange Commission (SEC) in enforcement and regulation.

What is the maximum criminal penalty for violations of the Uniform Securities Act?

All parts of the act are subject to injunctive enforcement. The last of the three enforcement tools is criminal prosecution under section 409 of the act. That section makes it a felony, punishable by up to a $5,000 fine and 3 years in prison, to willfully violate any provision of the act other than section 404.

In which of the following situations may an administrator deny, revoke, suspend, or cancel an agent's registration?

The administrator may deny, revoke, or suspend the registration of a security if it deems it is in the public interest and: Any officer or director has been convicted of a securities crime. The registration statement is false, misleading, or incomplete. The security is subject to a court injunction.

Can an administrator issue a separate order to revoke an exemption?

The administrator may also revoke a security's exemption from registration if it is in the public interest and the exemption was based on a false, misleading, fraudulent, or unethical practice or statement. An administrator may, without prior notice, revoke the exempt status of a securities transaction.

Can an administrator issue a cease and desist order?

Cease and desist orders essentially are formal warnings prior to taking legal action. If the administrator believes an unethical or illegal action may be occurring, they could issue a cease and desist as a “warning shot” of sorts.

For pdfFiller’s FAQs

What is Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines?

It is a formal document issued by a regulatory authority that outlines the charges against an individual or entity and expresses the intent to suspend their registration and impose fines based on those charges.

Who is required to file Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines?

Typically, individuals or entities that are regulated by a governing authority, such as financial institutions, brokers, or licensees, are required to file this statement if they are facing regulatory action.

How to fill out Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines?

To fill out the statement, one must provide detailed information regarding the charges, relevant facts, legal basis for the actions, and any supporting documentation as required by the regulatory authority.

What is the purpose of Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines?

The purpose is to inform the affected party of the allegations against them, to provide an opportunity for response, and to outline the impending regulatory actions that may affect their business operations.

What information must be reported on Statement of Charges and Notice of Intent to Issue an Order Suspending Registration and Imposing Fines?

The statement must include details such as the nature of the charges, facts supporting those charges, the legal basis for the actions, the proposed sanction or fine, and any previous disciplinary history.