RegistrationQuestion 13 of 100
Unless renewed, the registration of a broker-dealer, agent, investment adviser, or investment adviser representative expires:
a.On the anniversary of the original effective date
b.Every two years on June 30
c.Only when the registrant ceases doing business in the state
d.On December 31 of each year
Explanation
State registrations run on a calendar-year cycle and expire on December 31 unless renewed by filing the required renewal and paying the annual fee. There is no rolling anniversary date and no two-year cycle under the act. A registrant who stops doing business must affirmatively withdraw rather than simply let the file lapse.
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