Registration第 5 / 100 题
An agent registered only in State A telephones a long-standing client who is spending the winter in State B. The agent recommends a bond purchase and the client agrees. Which statement is correct?
a.No registration in State B is required, because the client remains a resident of State A and is only temporarily present in State B
b.The agent must register in State B before the call because the offer was received there
c.The agent may complete the trade only if the client signs a waiver of State B law
d.The agent must wait until the client returns to State A before accepting the order
解析
The so-called snowbird exception excludes from the broker-dealer and agent definitions a firm or individual with no place of business in the state whose only contacts there are existing customers who are not residents of that state. Residency, not physical location on the day of the call, drives the analysis. No client waiver can manufacture an exemption, and nothing in the act requires the agent to postpone the order.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
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