A broker-dealer applicant was convicted of a securities-related misdemeanor 8 years ago. Under the Uniform Securities Act, which of the following is TRUE regarding the Administrator's ability to deny registration?

1. AThe Administrator cannot deny registration because the conviction is more than 5 years old
2. BThe Administrator can deny registration only if the conviction was a felony
3. CThe Administrator must grant registration but may impose additional supervision requirements
4. DThe Administrator may deny registration because a securities-related misdemeanor conviction within the past 10 years is grounds for denial✓ Correct answer

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