Series 63 practice questioneasyWithdrawal of Registration
When an agent files to withdraw registration, when does withdrawal generally become effective under the USA?
- A30 days after filing✓ Correct answer
- BImmediately
- C60 days after filing
- DAt the Administrator’s discretion, but never sooner than 15 days
Explanation
Why A — 30 days after filing
Withdrawal is generally effective 30 days after filing unless the Administrator determines otherwise (USA Section 406(d)). Immediate effectiveness (B) and 60 days (C) are both incorrect. D is not the standard rule.
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