Series 63 practice questionmediumRevocation Process
An investment adviser is facing revocation of registration. The Administrator must:
- ANotify the registrant in writing and provide an opportunity for a hearing.✓ Correct answer
- BRevoke registration without notification.
- CWait for a client complaint.
- DFine the registrant without due process.
Explanation
Why A — Notify the registrant in writing and provide an opportunity for a hearing.
The USA mandates written notice and the opportunity for a hearing (Section 204). The Administrator cannot act without notice or due process, and client complaints are not a prerequisite.
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