Series 63 practice questioneasyDue Process and Hearing Rights
After a summary suspension, a registrant submits a written request for a hearing. Within how many days after receipt of the request must the matter be set down for hearing under the USA?
- A15 days✓ Correct answer
- B30 days
- C60 days
- D10 days
Explanation
Why A — 15 days
USA Section 204(c) requires the matter to be set down for hearing within 15 days after the Administrator receives the written request. The Act does not create a 15-day deadline for the registrant to submit that request.
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