Series 63 practice questionhardService of Process—Scope of Claims
Service of process under the USA consent to service covers which types of actions?
- ACivil actions related to violations of the Act during the period of registration✓ Correct answer
- BAny criminal prosecution brought by the state
- CPrivate lawsuits unrelated to securities
- DIRS inquiries regarding taxes
Explanation
Why A — Civil actions related to violations of the Act during the period of registration
Section 414(g) specifies the consent covers civil actions related to securities law violations while registered. Criminal cases, private non-securities matters, and IRS actions are not covered.
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