Series 63 practice questioneasyAdministrator Actions
Under the USA, which of the following actions can the Administrator take WITHOUT first holding a hearing?
- AIssue a summary suspension.✓ Correct answer
- BImpose a permanent bar.
- CFine the registrant.
- DEnter a final order of denial.
Explanation
Why A — Issue a summary suspension.
The Administrator may summarily suspend registration without a prior hearing (Section 204), but a permanent bar or final order requires a hearing. Fines can only be imposed after due process.
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