Practice Quiz

FINRA Series 63 (NASAA)

Category - Series 63

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In order to maintain its registration with a state, a broker-dealer may be required to
I. take a written or oral exam.
II. pay an annual filing fee.
III. maintain a minimum net capital.
IV. file all advertising material with the Administrator.
  1. I and II only
  2. II and III only
  3. II, III, and IV only
  4. I, II, III, and IV
Explanation
Answer: D - In order to maintain its registration with a state, a broker-dealer may be required to take a written or oral exam, pay an annual filing fee, maintain a minimum net capital, and file all advertising material with the state’s Administrator. The Administrator of each state has the authority to determine the specific requirements for the state. All of the selections are within the realm of the Administrator’s jurisdiction.
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