Series 63 practice questioneasyAdministrator Powers — Authority
Which of the following actions can a state securities Administrator take regarding the registration of a broker-dealer?
- ADeny, suspend, or revoke the registration✓ Correct answer
- BOnly deny the registration
- COnly revoke the registration after a criminal conviction
- DRefer the matter to the SEC for action
Explanation
Why A — Deny, suspend, or revoke the registration
Under USA Section 204, the Administrator has broad authority to deny, suspend, revoke, cancel, or withdraw the registration of a broker-dealer, agent, investment adviser, or investment adviser representative. This authority extends to all registration categories, not just criminal matters.
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