Series 63 practice questionhardRenewal and Expiration of Registration
A broker-dealer registers in State R on March 1. When does that registration expire under the USA?
- AMarch 1 of the next year
- BOne year after initial registration date
- CDecember 31 of the current year✓ Correct answer
- DAnnually on the anniversary of registration
Explanation
Why C — December 31 of the current year
All registrations expire December 31 annually, regardless of initial registration date (USA Section 406(b)). A, B, and D incorrectly suggest rolling or anniversary expiration.
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