Erica has just received a subpoena requiring her to testify at a hearing regarding the advisory firm for which she works. Erica's supervisor tells her that if she testifies and tattles on the firm, she may as well look for other employment. What should Erica do?

Question

Social Studies

Cristal Chase

19 June, 19:52

Erica has just received a subpoena requiring her to testify at a hearing regarding the advisory firm for which she works. Erica's supervisor tells her that if she testifies and tattles on the firm, she may as well look for other employment. What should Erica do?

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Answers (1)

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Ali Carney · Answer 1

Erica should attend and testify normally to the subpoena. If we check the Uniform Securities Act we can see that there is no reason to fail to attend and testifying for a subpoena and no individual can be prosecuted or subjected to any penalty for testifying.

Explanation:

The Uniform Securities Act is a model statute designed for guiding each state in the design and draft its security laws, it is also adopted by the states to deal with securities fraud at the state level.