Series 63 practice questioneasyInvestigations—private or public
Under the USA, an Administrator’s investigation into possible violations:
- AMay be conducted publicly or privately.✓ Correct answer
- BMust always be conducted in public.
- CRequires a court order before beginning.
- DIs only permitted after a customer complaint is received.
Explanation
Why A — May be conducted publicly or privately.
The Administrator can conduct investigations publicly or privately (USA Sec 407). No court order or customer complaint is required to initiate an investigation.
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