Uniform Combined State Law (Series 66) Practice Exam

Question: 1 / 400

After a revocation, within how many days can a firm apply for judicial review?

30 days

45 days

60 days

A firm has the right to seek judicial review of a revocation decision typically within 60 days after the order of revocation is made. This timeframe is standardized in many regulatory frameworks to ensure that firms have a reasonable period to assess the revocation and prepare their case for judicial review. The 60-day limit strikes a balance between allowing enough time for a firm to gather necessary information and evidence and ensuring that resolutions to disputes remain timely. This understanding of the timeframe for seeking judicial review is crucial for firms to navigate regulatory actions effectively and to maintain their rights within the legal framework.

Get further explanation with Examzify DeepDiveBeta

90 days

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy