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?
- AStates Q, R, and S Administrators all have jurisdiction.✓ Correct answer
- BOnly State Q Administrator has jurisdiction.
- COnly State R Administrator has jurisdiction.
- DOnly State S Administrator has jurisdiction.
Explanation
Why A — States 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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