Series 63 practice questionhardFiling Amendments
During the registration process, an agent discovers an omission in the original application. Under the USA, what must the agent do?
- AIgnore the omission if it is minor.
- BWait until renewal to update the application.
- CPromptly file an amendment to correct the omission.✓ Correct answer
- DNotify FINRA, but not the state Administrator.
Explanation
Why C — Promptly file an amendment to correct the omission.
Material changes or omissions must be corrected promptly by amending the application (USA Section 406(c)). Ignoring (A) or waiting for renewal (B) is improper. D is not sufficient.
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