Series 63 practice questionmediumEffective Date of Registration—Administrator Action
If the Administrator advances the effective date of a broker-dealer's registration, what is the earliest the registration can become effective under the USA?
- AImmediately upon Administrator's order✓ Correct answer
- B30 days after filing
- COn January 1 of the next year
- DOn December 31 of the current year
Explanation
Why A — Immediately upon Administrator's order
The Administrator may advance the effective date, making registration effective immediately upon order (USA Section 406(b)). B is the standard, but A reflects Administrator’s authority. C and D do not apply.
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