Series 63 practice questioneasySummary Suspension
Which of the following best defines a summary suspension under the USA?
- AAn immediate suspension of registration pending a hearing.✓ Correct answer
- BA suspension that can only occur after a hearing.
- CA permanent revocation of registration.
- DA voluntary withdrawal from registration.
Explanation
Why A — An immediate suspension of registration pending a hearing.
A summary suspension is immediate and effective pending the outcome of a hearing, per Section 204. It is not permanent, does not require a hearing first, and is not a voluntary withdrawal.
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