Series 63 practice questionmediumPost-Registration Filing
Under the USA, which of the following is required of broker-dealers after initial registration?
- AFiling updated financial reports as required by the Administrator.✓ Correct answer
- BSoliciting new clients within 5 days.
- CMaintaining a branch in each state registered.
- DSubmitting a new application each quarter.
Explanation
Why A — Filing updated financial reports as required by the Administrator.
Broker-dealers must continue to file financial reports as determined by the Administrator (USA Section 202(d)). Soliciting, branches, and quarterly reapplication are not required.
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