Professional Responsibility

Question 1

Ponzi scheme

Answer 1

a fraudulent investment plan in which money from new investors is used to pay “returns” to earlier investors rather than being invested in legitimate investments

Question 2

Commingle

Answer 2

to combine into a common fund or account

Question 3

Predicate

Answer 3

a premise or basis

Question 4

Sanctions

Answer 4

the penalties or means of enforcing a rule or law

Question 5

Reprimand

Answer 5

a severe warning issued by someone in authority; taking action to scold another

Question 6

Censure

Answer 6

an expression of formal disapproval

Question 7

Moral Turpitude

Answer 7

conduct considered contrary to acceptable standards of morality and ethics

Question 8

Narrative

Answer 8

a story without interruption (as opposed to a question-and-answer format)

Question 9

Extrajudicial

Answer 9

without legal process; not legally authorized

Question 10

Indigent

Answer 10

poor, needy, poverty-stricken

Question 11

Capper

Answer 11

one who acts as a decoy on behalf of another to find potential business