Question

The Administrator may deny a person's registration as an investment adviser representative if the person meets which of the following criteria?

Has a recent securities-related criminal record.
Has recently been convicted of a felony not related to the securities industry.
Has lost a civil lawsuit within the last year.
Was convicted of any misdemeanor within the last year that did not involve securities or money.

A) I and II.
B) I and IV.
C) II and III.
D) III and IV.

Answer 1

For denying a person's registration as an investment adviser representative, criteria often include securities-related criminal records or felony convictions. Laws regulating the securities industry aim to maintain integrity by precluding those with relevant criminal histories.

Step-by-step explanation:

The criteria for denying a person's registration as an investment adviser representative might include a history of securities-related offenses or convictions that may suggest a lack of integrity or reliability. Such criteria would typically be detailed in the laws and regulations that govern the securities industry, which often include provisions to deny or revoke registration based on certain types of criminal records. Therefore, a person with a recent securities-related criminal record or a recent conviction for a felony, even if not related to the securities industry, could be denied registration.