Series 63 practice questioneasyHearing Deadlines
An Administrator issues a summary suspension to an investment adviser in State A. Within how many days must a hearing be granted if the registrant requests one?
- A7 days
- B15 days✓ Correct answer
- C30 days
- D60 days
Explanation
Why B — 15 days
If a summary suspension order is issued and the registrant requests a hearing, the hearing must be scheduled within 15 days of the request under the Uniform Securities Act.
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