Series 63 practice questioneasyAdministrator’s Powers—Subpoena
When investigating a possible violation, the Administrator has the power to:
- ASubpoena witnesses and documents✓ Correct answer
- BImprison registrants directly
- CFreeze bank accounts without a court order
- DImpose federal penalties
Explanation
Why A — Subpoena witnesses and documents
Section 411 of the USA allows the Administrator to subpoena witnesses and documents. They cannot imprison (B), freeze assets without court order (C), or impose federal penalties (D).
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