Registration第 23 / 100 题

A broker-dealer's state registration is suspended for sixty days. During the suspension, the registrations of the agents employed by that firm:

a.Remain fully effective because they were registered individually
b.Are automatically revoked and must be reapplied for
c.Transfer automatically to any affiliated firm
d.Are also not in effect, because an agent's registration is effective only while the agent is associated with a registered broker-dealer or issuer

解析

An agent's registration is derivative: it is effective only while the agent is associated with a registered broker-dealer or issuer, so suspending the firm suspends the agents' ability to act. The registrations are not revoked outright, so a brand-new application is not automatically required. Registrations do not migrate to affiliates by operation of law.

法律依据: Uniform Securities Act

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