RegistrationCâu 30 / 100
An agent is registered only in State A. Her broker-dealer is registered in both State A and State B. She begins cold-calling residents of State B from her desk in State A. Which statement is correct?
a.No registration in State B is needed because her firm is registered there
b.No registration in State B is needed because she never physically enters the state
c.She may solicit up to five State B residents before registering
d.She must register as an agent in State B, because her offers are directed into and received in that state
Giải thích
Agent registration is individual and state-specific; the firm's registration does not cover its agents. An offer directed into and received in a state is made in that state, so physical presence is irrelevant. The de minimis client counts belong to the investment adviser provisions and create no free-solicitation allowance for agents.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An individual employed by a registered broker-dealer answers the main telephone line, routes calls to registered personnel, and files paperwork. He never discusses securities or accepts orders. This individual:
- An investment adviser opens a small office in State Q and, during its first year, takes on only two clients who reside in State Q. Regarding State Q registration, the adviser:
- For purposes of the institutional exception from the broker-dealer definition, which of the following clients would NOT preserve the exception?
- Which statement about issuers under the Uniform Securities Act is correct?
- An agent's employing broker-dealer voluntarily withdraws its state registration. Absent any other affiliation, the agent's registration in that state:
- A registered broker-dealer discovers that information in its original state application has become materially inaccurate. The firm should:
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