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Series 63: Regulation of Broker-Dealers & Agents
Series 63 practice questioneasyEffective Date Calculations

A broker-dealer files for registration in State A on June 1. If the Administrator takes no action, on which date will the registration typically become effective under the Uniform Securities Act (USA)?

  1. AJune 8
  2. BJune 16
  3. CJuly 1✓ Correct answer
  4. DAugust 1
Explanation

Why CJuly 1

Under the Uniform Securities Act, registration becomes effective at noon on the 30th day after filing unless the Administrator accelerates or delays it. A June 1 filing therefore becomes effective on July 1.

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