Seven years ago, sarah smith was convicted of possession of a controlled substance in a state where that violation is considered a felony. sarah has just filed an application for registration as an agent with kapco securities, a registered broker-dealer in a state where that violation is only considered a misdemeanor. when viewing this agent's application, the administrator will:

Would be subject to statutory disqualification.

Explanation:

Even though the crime is a misdemeanor, based on state where the registration is, the applicant's record will show a felony conviction and, therefore, this individual would be subject to statutory disqualification.

warren buffett- the oracle of omaha warren buffett came from a normal type of family in nebraska. when hew as young, he understood the value of investing money and gaining interest on that investment. he strived hard at several jobs, but what made him one of the wealthiest men in the world was his gift for allocating capital within a free market system. warren buffett is an example of a man whose wealth is owed largely to the free enterprise system. buffett was able to allocate his money however he wanted, investing in businesses that he thought could compete effectively. without the free market system, he would not have the right to invest however he wanted, and would not have become so wealthy.

bevy means a large group or thing of a certain kind.