Series 63 practice questionmediumEdge Case – Ongoing Investigations
A broker-dealer's registration is summarily suspended during an investigation. After the broker-dealer submits a written hearing request, within how many days must the matter be set down for hearing?
- A7 days
- B15 days✓ Correct answer
- C30 days
- D60 days
Explanation
Why B — 15 days
USA Section 204(c) requires the matter to be set down for hearing within 15 days after receipt of the written request. New evidence does not permit indefinite denial of the hearing.
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