Penalties for Violations

Question 1

Prohibited Acts

Answer 1

Actions that are prohibited by KREC. These include but not limited to:

• failing to account for money
• guarantee future profits
• induce parties to break contracts
• engaging In fraud
• making misrepresentations

Question 2

Penalties for Violations

Answer 2

Violating KREC’s rules and regulations can result in the following:

• revocation of license
• suspension of license
• restriction of license
• censure of license
• misdemeanors with fines and imprisonment