Series 63 practice questionmediumSuccessor Firm Registration
ABC Advisers merges with DEF Advisers to create a new entity, GHI Advisers, mid-year. Under the USA, what registration step is required for GHI Advisers?
- AFile a successor application without paying a new fee until year-end✓ Correct answer
- BFile a new registration and pay a full year's fee
- CWait until the next January to register
- DNo filing is needed; previous registrations transfer automatically
Explanation
Why A — File a successor application without paying a new fee until year-end
A successor firm can file for registration with no additional fee for the unexpired portion of the year (Section 406). Prior registrations do not transfer automatically.
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