Series 63 practice questioneasyState Registration of Agents
An agent selling only NYSE-listed stocks to clients in State Q must:
- ARegister as an agent in State Q✓ Correct answer
- BRegister with the SEC only
- CRegister the securities with State Q
- DNot register with any authority
Explanation
Why A — Register as an agent in State Q
Agents must register in each state where they sell securities, even if the securities are federally covered (USA Section 402). Only the securities, not the agent, are preempted from state registration (C). SEC registration alone is insufficient (B), and not registering is erroneous (D).
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