Series 63 practice questionmediumDefinition—Summary Suspension
Summary suspension of registration under the USA means:
- AThe Administrator immediately suspends a registration but must allow a prompt hearing if requested.✓ Correct answer
- BA court must approve all Administrator suspensions.
- CThe suspension occurs only after a hearing.
- DNo further process is required.
Explanation
Why A — The Administrator immediately suspends a registration but must allow a prompt hearing if requested.
Summary suspension is immediate but due process is preserved by allowing a prompt hearing (Section 204). No court approval is needed, and hearings are not required beforehand.
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