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← Series 63: Remedies & Administrative Provisions
Series 63 practice questionhardAdministrator’s Power—Onsite Inspection

A State C Administrator believes a registered IA in the state is violating rules. The Administrator wants to conduct an on-site inspection. Under the USA:

  1. AThe Administrator may enter the IA's premises unannounced during regular business hours to inspect records✓ Correct answer
  2. BThe Administrator may only inspect records at the annual renewal
  3. CThe Administrator must wait for a client complaint
  4. DThe Administrator must inspect only by written appointment
Explanation

Why A — The Administrator may enter the IA's premises unannounced during regular business hours to inspect records

Section 411 authorizes on-site inspections without prior notice during normal business hours. Annual-only, by appointment, or complaint-driven restrictions do not apply.

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