Series 63 practice questionmediumJudicial Review—Process
A registrant files for judicial review of an Administrator's order. Under the USA, what will the court do first?
- AReview the entire record of the administrative proceeding✓ Correct answer
- BAutomatically reverse the Administrator's decision
- CImpose additional sanctions on the registrant
- DRefer the matter to federal court
Explanation
Why A — Review the entire record of the administrative proceeding
Per Section 413, judicial review involves the court reviewing the entire record; it does not reverse, sanction, or refer automatically.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,051+ Series 63 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Remedies & Administrative Provisions questions
- Under the NASAA-updated 1956 USA, for how long must a state-registered investment adviser preserve required records?
- If a broker-dealer's registration in a state is revoked and then re-applied for, what is required regarding the consent…
- If legal action is taken against a registered agent, the Administrator serves process under the consent to service and…
- An IA firm located in State Y is registered in State X due to having several clients there. The Administrator of State…
- An agent sold an unregistered security to a client. In a civil action by the client, the agent claims he did not know…
- A broker-dealer is denied registration by the Administrator. Under the USA, how soon must the broker-dealer file for…
- A broker-dealer’s records are stored electronically in another state. The Administrator in the state where the firm is…
- When investigating a possible violation, the Administrator has the power to: