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← Series 63: Remedies & Administrative Provisions
Series 63 practice questionmediumRecords Inspection—Timing

When may the Administrator examine records covered by USA Section 203?

  1. AOnly once each calendar year
  2. BAt any time or from time to time, within or outside the state, as the Administrator reasonably deems necessary or appropriate✓ Correct answer
  3. COnly after obtaining a court order
  4. DOnly by advance appointment
Explanation

Why B — At any time or from time to time, within or outside the state, as the Administrator reasonably deems necessary or appropriate

USA Section 203(e) subjects covered records to reasonable periodic, special, or other examinations at any time or from time to time, within or outside the state, as the Administrator deems necessary or appropriate in the public interest or for investor protection.

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