A registered agent’s activity is under investigation by both State Q and State R Administrators for the same alleged fraudulent transaction. Which of the following is TRUE regarding the scope of each Administrator’s authority?

1. ABoth Administrators have concurrent jurisdiction if the transaction affected residents in both states.✓ Correct answer
2. BOnly one Administrator may proceed with enforcement; the other must defer.
3. CNeither Administrator may act until the courts determine jurisdiction.
4. DOnly the Administrator where the agent is registered has jurisdiction.

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