Practice Quiz

FINRA Series 63 (NASAA)

Category - Series 63

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Which of the following orders can an Administrator issue without providing prior notice?
  1. license suspension
  2. license revocation
  3. cease and desist
  4. license denial
Explanation
Answer: C - The Administrator can issue an order to cease and desist without providing the party concerned with prior notice. In the cases involving the denial, suspension, or revocation of a license, the Administrator will provide prior notice, along with the opportunity for a hearing, and a written statement of the facts and the legal consequences involved.
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