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Series 63: Remedies & Administrative Provisions
Series 63 practice questionmediumJurisdiction—offers and sales

An offer to sell securities is made via email from State Q to a resident of State R, who accepts while traveling in State S. Under the USA, which Administrators have jurisdiction?

  1. AStates Q, R, and S Administrators all have jurisdiction.✓ Correct answer
  2. BOnly State Q Administrator has jurisdiction.
  3. COnly State R Administrator has jurisdiction.
  4. DOnly State S Administrator has jurisdiction.
Explanation

Why AStates Q, R, and S Administrators all have jurisdiction.

Administrators in the state of origin (Q), where the offer is received (R), and where the acceptance occurs (S) all have jurisdiction (USA Sec 414).

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