A junior banker learns the State M Administrator is conducting an investigation into a broker-dealer’s conduct that occurred in multiple states. Which of the following actions may the Administrator take WITHOUT first proving a violation occurred?

1. AIssue subpoenas for books and testimony in other states.✓ Correct answer
2. BImpose penalties on the broker-dealer.
3. CRevoke the broker-dealer’s registration.
4. DFreeze the assets of the broker-dealer.

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