Series 63 practice questionhardAdministrator's actions—notice
When may the Administrator summarily postpone or suspend the effectiveness of a registration statement under the USA?
- AImmediately, provided the Administrator promptly notifies the registrant and gives opportunity for a hearing.✓ Correct answer
- BOnly after a hearing.
- COnly if the registrant waives their right to notice.
- DOnly with a court order.
Explanation
Why A — Immediately, provided the Administrator promptly notifies the registrant and gives opportunity for a hearing.
The Administrator may summarily postpone or suspend a registration but must promptly notify involved parties and offer an opportunity for a hearing (USA Sec 306). Prior hearing or court order is not required.
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