Unit 2

Question 1

Exemptions from registration as an agent

Answer 1

Apply only to individuals who represent ISSUERS, rather than B/D

Question 2

Email Correspondence

Answer 2

Is treated the same as written correspondence. The records must be kept for 3 years.

Question 3

An individual who has applied for registration as an agent of a B/D has just passed the series 63 exam. This individual may begin. Soliciting brokerage clients

Answer 3

When informed by the B/D that the agent’s registration is effective. NOT ADMINISTRATOR