Laws & RegulationsCâu 33 / 100
A broker-dealer wishes to withdraw its registration. Under the Uniform Securities Act, withdrawal generally becomes effective:
a.Immediately upon filing with no waiting period ever
b.Only after five years
c.30 days after filing, unless the Administrator institutes a proceeding
d.Only with SEC approval
Giải thích
A withdrawal of registration typically becomes effective 30 days after filing, provided no revocation or other proceeding is pending or instituted. The Administrator retains authority to act on violations for a period after withdrawal. This orderly process protects investors during transitions.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An agent effects a transaction that is not recorded on the books of the employing broker-dealer, without the firm's knowledge or authorization. This is best described as:
- The definition of 'sale' or 'offer to sell' under the Uniform Securities Act generally includes:
- An Administrator's authority to conduct investigations and subpoena witnesses generally extends to conduct that:
- An adviser engages in an agency cross transaction, arranging a trade between two of its advisory clients. To do this properly, the adviser generally must:
- Under the Uniform Securities Act, the least intrusive method of state registration for a well-established issuer with a strong track record filing a federal statement is:
- An agent recommends a security to a client without any reasonable basis to believe it is suitable, simply to meet a sales quota. This conduct:
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