Series 63 practice questionmediumbooks and records
An IA in State Y has two branch offices. Where must required records be kept under the USA?
- AAt the principal office, unless otherwise permitted by the Administrator✓ Correct answer
- BAt each branch office
- CAt the office of the state Administrator
- DOnly at the home office in paper format
Explanation
Why A — At the principal office, unless otherwise permitted by the Administrator
Records are kept at the principal office, unless the Administrator allows otherwise (Rule 204-2). The Administrator does not require office storage, and paper-only or branch-only requirements are not in the USA.
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