Series 63 practice questionmediumDenial for Past Violations
An agent was convicted of a non-securities-related misdemeanor 8 years ago. The Administrator:
- AMay not deny registration based solely on this conviction.✓ Correct answer
- BMust deny registration.
- CMay deny registration if they wish.
- DMust suspend registration for 2 years.
Explanation
Why A — May not deny registration based solely on this conviction.
Only securities or money-related misdemeanors or any felony within 10 years are grounds for denial (Section 204). Non-securities misdemeanors do not qualify.
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