Lucky the Banker mascotLTB
← Series 63: Remedies & Administrative Provisions
Series 63 practice questioneasyAdministrator Authority—Service and Review

When service is made through a registrant's USA consent to service of process, what is required for effective service under Section 414(g)?

  1. ALeave a copy with the Administrator, promptly send notice and a copy by registered mail to the last address on file, and file the required affidavit of compliance✓ Correct answer
  2. BPublish notice in a newspaper only
  3. CDeliver documents only to the firm's legal counsel
  4. DSend the matter directly to FINRA
Explanation

Why A — Leave a copy with the Administrator, promptly send notice and a copy by registered mail to the last address on file, and file the required affidavit of compliance

Section 414(g) permits service by leaving process at the Administrator's office, but effectiveness also requires prompt registered-mail notice and a copy to the defendant or respondent at the last address on file and timely filing of the plaintiff's affidavit of compliance.

Turn it into reps

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 1,051+ Series 63 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

Practice Series 63 freeSeries 63 exam guide

Spot an error in this question or explanation? Tell us — we fix these fast.

Related Remedies & Administrative Provisions questions