Series 63 practice questioneasySubpoena power
If an individual ignores a subpoena issued by the Administrator, the Administrator may:
- AApply to the appropriate court to compel compliance.✓ Correct answer
- BArrest the individual directly.
- CSuspend the individual’s registration automatically.
- DFine the individual immediately without a hearing.
Explanation
Why A — Apply to the appropriate court to compel compliance.
If a subpoena is ignored, the Administrator may apply to the appropriate court to compel compliance (USA Sec 407). The Administrator cannot arrest, suspend, or fine without due process.
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