Series 63 practice questionhardDisclosure Enforcement
If an issuer fails to comply with ongoing reporting requirements after registration, the Administrator may:
- ASuspend or revoke the registration of the securities✓ Correct answer
- BImpose additional registration fees only
- CTake no action until a formal complaint is filed
- DAllow the offering to continue as long as prior reports were filed
Explanation
Why A — Suspend or revoke the registration of the securities
The Administrator has authority to suspend or revoke registration if ongoing obligations are not met (Section 306). (B) is not the primary remedy, (C, D) understate the Administrator's enforcement powers.
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