Question

The revocation or suspension of a federal covered investment adviser's registration under the Investment Advisers Act of 1940 may be appealed A) to the United States Supreme Court because the Investment Advisers Act of 1940 is federal legislation, unlike the Uniform Securities Act, which is a model for state securities legislation B) through arbitration with the Financial Industry Regulatory Authority (FINRA) C) by petition to the appropriate state securities Administrator D) to the U.S. Court of Appeals serving the district where the order was issued within 60 days of its issuance

Answer 1

Answer:

D) to the U.S. Court of Appeals serving the district where the order was issued within 60 days of its issuance.

Explanation:

An investment adviser is an individual or group of people who professionally advise others with information on investing in securities such as bonds or stocks.

The revocation or suspension of a federal covered investment adviser's registration under the Investment Advisers Act of 1940 may be appealed to the U.S. Court of Appeals serving the district where the order for revocation or suspension was issued within 60 days of its issuance.

Under Section 213 of the Investment Advisers Act of 1940, any individual or party who has their license revoked or suspended by a Commission may appeal and obtain a review of such order in the US Court of Appeals within serving the district where the order was issued within 60 days of its issuance, through a written petition pleading that it be modified or set aside by the court in whole or in part.