What are the penalties for violation of the '33 Act?

The penalties for violating the Securities Act of 1933, commonly referred to as the '33 Act, can include significant prison time and fines. Specifically, individuals found guilty of willful violations may face up to 10 years in prison, highlighting the seriousness with which the law treats securities fraud. Additionally, fines can reach up to $10,000. This combination of penalties reflects the intention of the act to protect investors and maintain the integrity of the securities markets. Thus, the correct answer encompasses both the potential for a 10-year prison sentence as well as the accompanying fine, making it a comprehensive overview of the penalties associated with breaches of the '33 Act.