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Series 63: Regulation of Broker-Dealers & Agents
Series 63 practice questioneasyAmendments - Timeliness

An agent changes her residential address. Under the USA, what action must be taken with respect to her registration?

  1. APromptly amend her registration to reflect the address change.✓ Correct answer
  2. BNo action is required unless the address is out of state.
  3. CWait until the annual renewal to update the address.
  4. DSubmit a notarized letter to the Administrator.
Explanation

Why APromptly amend her registration to reflect the address change.

Material changes, including address updates, require prompt amendment of registration records (USA Section 202(d)). Waiting or only acting if out-of-state violates this requirement.

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