SERIES-63 practice question 3 of 35

It has come to the attention of the Administrator of the state that Samuel Shyster provided false information on his application to become a…

It has come to the attention of the Administrator of the state that Samuel Shyster provided false information on his application to become a registered investment adviser with the state. Prior to revoking Samuel’s license, the Administrator will provide Samuel with which of the following? I . prior notice II . an opportunity to fill out a new registration statement III . an opportunity for a hearing IV . a written statement regarding the facts and the legal consequences

Answer options

A: I, II, III, and IV

B: I, II, and III

C: I, III, and IV Correct answer

D: I, II, and IV

Correct Answer:

C. I, III, and IV

Explanation

Prior to revoking Samuel’s license, the Administrator will provide Samuel with prior notice (I), an opportunity for a hearing (III), and a written statement regarding the facts and the legal consequences (IV).

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