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Series 63: Regulation of Broker-Dealers & Agents
Series 63 practice questioneasyAdministrator Procedures

If an Administrator intends to deny an agent's registration, which of the following MUST be provided to the applicant?

  1. AAn opportunity for a hearing
  2. BA refund of all registration fees
  3. CA written statement of the reasons for denial
  4. DBoth A and C✓ Correct answer
Explanation

Why DBoth A and C

The USA mandates the Administrator must provide a written statement of the reasons for denial and an opportunity for a hearing upon written request (Section 306-307). Fees are generally not refunded (Section 410).

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