Series 63 practice questioneasyRegistration Process for Investment Advisers
According to the Uniform Securities Act, when does a state investment adviser registration become effective?
- AImmediately upon filing the application
- B30 days after the application is filed, if not denied or delayed by the Administrator✓ Correct answer
- COnly after passing a federal examination
- D60 days after the application is filed
Explanation
Why B — 30 days after the application is filed, if not denied or delayed by the Administrator
Per USA Section 305, an investment adviser's registration generally becomes effective at noon on the 30th day after filing a complete application, unless the Administrator takes action to deny, revoke, or delay the registration.
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