Respuesta :
A sales representative who knowingly misappropriates customer securities for personal use is subject to possible fines or imprisonment.
A starting point for state-level securities regulation is the model law known as the Uniform Securities Act. The Securities and Exchange Commission (SEC) needs assistance with enforcement and regulation, thus the Uniform Securities Act was created to address securities fraud at the state level. The SEC is unable to safeguard all investors and investigate all security violations since not all investments are federally regulated and not all investment dealers are federally registered. In order to further safeguard investors, this prompted the need for state-level laws like the Uniform Securities Act.
To know more about Uniform Securities Act refer:
https://brainly.com/question/14315934
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