Choice "B" is correct. The SEC can suspend or permanently revoke an accountant's right to practice before the SEC. Choice "a" is incorrect. The SEC cannot suspend or permanently revoke an accountant's license to practice public accounting. Only a state board of public accountancy can do that. Choice "c" is incorrect. The SEC can impose fines of up to $100,000, not $1,000,000, for an individual (and $500,000 for a firm). There is no "repeat offender" or "serial offender" provision. Choice "d" is incorrect. The SEC can suspend or permanently revoke a CPA's right to practice before the SEC for a host of reasons, not only if the accountant has willfully violated the federal securities laws or regulations. Other reasons include (1) the accountant lacks the qualifications to represent others, (2) the accountant lacks character or integrity, (3) the accountant acted unethically or unprofessionally, and (4) the accountant was convicted of a felony or a misdemeanor involving moral turpitude, or (5) the accountant's license to practice public accountancy was suspended or revoked.