Series 63 practice questionmediumEnforcement of subpoenas in other states
An Administrator in State W issues a subpoena to a firm located in State V for records related to sales to a State W resident. The firm refuses to comply. Which statement is MOST accurate?
- AState W's Administrator must petition a court in State V to enforce the subpoena.
- BState W's Administrator may enforce the subpoena directly in State V.
- CState W's Administrator must seek assistance from State V's Administrator or courts.✓ Correct answer
- DState W's Administrator has no recourse if the firm is out-of-state.
Explanation
Why C — State W's Administrator must seek assistance from State V's Administrator or courts.
The keyed answer C is the most complete. The issuing Administrator cannot directly enforce the subpoena in another state; the Administrator may seek assistance from the other state's Administrator under USA Section 407(e) or pursue enforcement through a court with jurisdiction.
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