RegistrationPregunta 10 de 100

Absent a denial order or pending proceeding, an application for registration as a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective:

a.Immediately upon filing with the Administrator
b.At the close of business on the tenth day after filing
c.When the applicant passes the required qualification examination
d.At noon on the thirtieth day after a complete application is filed

Explicación

The act provides that a registration application becomes effective at noon of the thirtieth day after filing if no stop order is in effect and no proceeding is pending. The Administrator may by rule or order specify an earlier effective date. Passing an examination is a qualification the Administrator may impose, but it does not by itself trigger effectiveness.

Referencia Legal: Uniform Securities Act

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