Series 66 – Uniform Combined State Law Exam Courtroom Procedures & Protocols 2

Question 1

Before issuing a final order denying, suspending, or revoking a registration, a state administrator must generally provide:

Accepted Answer

Notice and an opportunity for a hearing

Answer

Due process requires notice and an opportunity for a hearing before a final adverse order.

Question 2

An administrator issues a summary order against an agent without a prior hearing. What right does the agent have?

Accepted Answer

To request a hearing to contest the order

Answer

Summary orders may be issued first, but the affected party may request a hearing afterward.

Question 3

An administrator wants to compel a firm to produce books and records relevant to an investigation. The administrator may:

Accepted Answer

Issue a subpoena

Answer

The administrator has subpoena power to compel witnesses and production of records.

Question 4

A person served with an administrator's subpoena refuses to comply. The administrator may:

Accepted Answer

Apply to a court to enforce the subpoena

Answer

Subpoenas are enforced through the courts if the person refuses to comply.

Question 5

A witness invokes the Fifth Amendment during an administrative investigation. Under the Uniform Securities Act, the witness may be compelled to testify, but:

Accepted Answer

The testimony may not be used to prosecute the witness criminally

Answer

Compelled testimony carries immunity from criminal prosecution based on that testimony.

Series 66 – Uniform Combined State Law Exam Practice Test

Series 66 – Uniform Combined State Law Exam Practice Test

Series 66 – Uniform Combined State Law Exam Courtroom Procedures & Protocols 2