A junior banker at William Blair discovers that the investment adviser’s digital client records are stored out-of-state. If the Illinois Administrator requests immediate access to these records, which of the following is TRUE?

1. AThe adviser must grant access, even if the records are stored out of state✓ Correct answer
2. BThe adviser can deny access based on location
3. CThe adviser must deliver only hard copies within 48 hours
4. DThe adviser is only required to produce records related to Illinois clients

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