Series 63 practice questionmediumJudicial Review—Stay of Order
A registrant appeals an Administrator’s suspension order in state court. What happens to the suspension during the appeal under the USA?
- AThe suspension remains in effect unless the court grants a stay✓ Correct answer
- BThe suspension is automatically lifted
- CThe Administrator must lift the suspension
- DThe suspension is automatically made permanent
Explanation
Why A — The suspension remains in effect unless the court grants a stay
Section 413 indicates the order remains effective unless stayed by the court; there is no automatic lifting or making it permanent.
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