Series 63 practice questionmediumAdministrator Orders—Judicial Review Differences
All of the following are true regarding judicial review of an Administrator’s order EXCEPT:
- AA petition for review of a final order must be filed in the appropriate state court within 60 days
- BThe court may affirm, reverse, or modify the order.
- CFiling for review automatically suspends the Administrator’s order.✓ Correct answer
- DThe right to appeal is provided by the USA.
Explanation
Why C — Filing for review automatically suspends the Administrator’s order.
Choice C is the exception: filing a petition does not automatically stay the Administrator's order. Under Section 411, a final order may be reviewed by a petition filed within 60 days, the court may affirm, modify, enforce, or set aside the order, and a stay requires a specific court order.
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