Series 63 practice questioneasyService of Process—Scope
The consent to service of process remains in force:
- APermanently, for all civil actions arising from activities while registered✓ Correct answer
- BOnly until registration is renewed
- CFor 90 days after registration
- DOnly if the registrant works in-state
Explanation
Why A — Permanently, for all civil actions arising from activities while registered
Per USA Section 414(g), the consent to service of process is permanent for actions from activities while registered, even if registration lapses. Duration or location in B, C, D is incorrect.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,051+ Series 63 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Remedies & Administrative Provisions questions
- When investigating a possible violation, the Administrator has the power to:
- Which of the following is TRUE regarding the Administrator's authority to require records from registrants?
- A broker-dealer is denied registration by the Administrator. Under the USA, how soon must the broker-dealer file for…
- The consent to service of process filed with a registration application allows the Administrator to:
- An IA firm located in State Y is registered in State X due to having several clients there. The Administrator of State…
- An investor purchased 500 shares of XYZ Corp at $20 per share based on fraudulent misrepresentations by her agent. She…
- If a broker-dealer's registration in a state is revoked and then re-applied for, what is required regarding the consent…
- If an agent disagrees with an Administrator's order suspending registration, the agent may seek judicial review by:
