Series 63 practice questioneasyAdministrator Powers — Qualification
The Administrator may require which of the following as a condition of registration for agents?
- AA minimum net worth of $250,000
- BA four-year college degree in finance
- CAt least 5 years of prior experience in the industry
- DPassing a qualifying examination✓ Correct answer
Explanation
Why D — Passing a qualifying examination
Under USA Section 204(b)(3), the Administrator may require applicants to pass a qualifying examination as a condition of registration. The USA does not mandate specific degree requirements or minimum experience thresholds, though the Administrator may consider qualifications broadly.
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