Under the Uniform Securities Act, the Administration is empowered to perform which of the following acts?
I. Subpoena a broker-dealer’s books and records after a suspension order is received
II. Obtain an injunction against any person the Administrator suspects of violating the Act
III. Suspend a sales representative’s registration prior to the hearing, without stating a reason for the suspension
IV. Revoke the registration of all sales representatives associated with a broker-dealer at the time the broker-dealer’s registration is revoked by the Administrator
a) I, II & IV
b) II only
c) I, II, III & IV
d) I & II
The correct answer is a.
The Administrator does have the power to subpoena records and obtain an injunction. Also, a sales representative’s registration is only effective when associated with a broker-dealer, so upon revocation or suspension of a broker-dealer’s registration, all associated sales representatives registrations will be revoked as well, until they become associated with another broker-dealer. However, the Administrator may not suspend a registration prior to the hearing unless a reason for the suspension is stated.


  1. If I have only a limited amount of time to study for the Series 6, what should I ...

    Learn what to focus on when studying for the Series 6 while reviewing important aspects of the exam, including its content ...
  2. What role does the 'chip cycle' play in the electronics sector?

    Read about some of the best and most popular test prep classes for the Series 6 FINRA securities licensing exam, including ...
  3. What does passing the Series 6 enable me to do?

    Learn more about the Series 6, what the examination and license are and what the license enables an individual to buy, sell ...
  4. What are the differences between the Series 6 exam and the Series 7 exam?

    Learn about the regulatory exams needed to become a limited or registered representative and the main differences between ...
  1. Series 6

    A securities license entitling the holder to register as a limited ...
  2. Series 79

    A examination to ensure a candidate is qualified to become a ...
  3. Research Analyst

    A person who prepares investigative reports on equity securities. ...
  4. Series 34

    An exam required for individuals seeking to engage in off-exchange ...
  5. Financial Advisor

    One who provides financial advice or guidance to customers for ...
  6. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...

You May Also Like

Trading Center

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!