A broker-dealer registered in State Q and with the SEC fails to file its annual audited financial statements with the Administrator. Which of the following is LEAST likely to occur as an immediate response by the Administrator?

1. ASuspension of the broker-dealer’s state registration.
2. BA demand for immediate production of the missing statements.
3. CInitiation of an investigation into the broker-dealer’s financial condition.
4. DImposition of a fine without further communication.✓ Correct answer

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