Series 63 practice questionhardSuspension Procedure
A state Administrator summarily suspends an agent's registration and does not schedule a hearing. The agent submits a written request for a hearing. What must the Administrator do under the USA?
- ASchedule a hearing within 15 days of the agent's written request.✓ Correct answer
- BSchedule a hearing within 30 days of the agent's written request.
- CSchedule a hearing at their own discretion.
- DDeny the hearing if the suspension was summary.
Explanation
Why A — Schedule a hearing within 15 days of the agent's written request.
Under Section 204, upon written request, the Administrator must provide a hearing within 15 days. The Administrator cannot delay or deny due process, regardless of the summary nature of the action.
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