SIE Exam Question 317: Answer and Explanation

Question: 317

Which of the following events would subject an individual to a statutory disqualification?

• A. An indictment for a securities related felony 3 years ago
• B. A felony conviction 11 years ago
• C. A conviction for a securities related misdemeanor 9 years ago
• D. A conviction for a non-securities related misdemeanor six months ago

Correct Answer: C

Explanation:

C - A statutory disqualification occurs if the individual has been convicted a felony or a securities related misdemeanor within the past 10 years.