For a licensing checkpoint quiz, treat the following as the opening fact pattern. Treat the facts as a straight Series 63 application question. Lisa is registered as an agent in State A through her broker-dealer. She attends a conference in State B and, during a networking event, recommends a specific stock to an attendee who lives in State B. Lisa is:

Why C — Potentially in violation because she attempted to effect a transaction in a state where she may not be registered

Under USA Section 201, an agent must be registered in each state where she effects or attempts to effect securities transactions. Making a specific recommendation to a resident of State B constitutes an attempt to effect a transaction there. Lisa may be in violation if she is not registered in State B, regardless of whether a sale is ultimately completed. The extra setup is just noise; the controlling state-law rule stays the same.