Series 63 practice questioneasyDenial of Registration
An Administrator may deny or revoke registration solely because an applicant was convicted of which of the following within the past 10 years?
- AA misdemeanor involving securities or money.✓ Correct answer
- BA traffic violation.
- CA minor infraction unrelated to business.
- DA civil lawsuit.
Explanation
Why A — A misdemeanor involving securities or money.
Per USA Section 204, a securities- or money-related misdemeanor conviction is grounds for denial. Traffic violations, unrelated infractions, and civil lawsuits are not valid grounds.
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