A mutual fund registered with the SEC fails to pay the notice filing fee required by a state's Administrator. What may the Administrator do under the USA?

AHalt all sales of the mutual fund in the state until the fee is paid✓ Correct answer
BImpose a fine and allow continued sales
CRequire the mutual fund to register by coordination
DRevoke federal covered status of the mutual fund

Explanation

Why A — Halt all sales of the mutual fund in the state until the fee is paid

The Administrator may suspend sales for non-payment of required notice filing fees, but cannot revoke federal covered status or require full registration. A fine may be imposed, but sales are typically halted until fees are paid.

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