Series 63 practice questioneasyBroker-Dealer Registration — Renewal
Once registered, a broker-dealer's registration expires:
- ASix months after the effective date
- BOn the anniversary of the effective date
- COnly when the Administrator orders expiration
- DOn December 31 of each year unless renewed✓ Correct answer
Explanation
Why D — On December 31 of each year unless renewed
Under USA Section 202(c), broker-dealer registrations expire on December 31 of each year unless renewed. The annual renewal requirement allows the Administrator to maintain current records and ensures continued compliance with state securities laws.
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