In a state-administrator case study, the scenario starts here. Treat the facts as a straight Series 63 application question. Agent Priya opens a joint investment account with her customer, Mrs. Chen. Priya contributes 20% of the capital but negotiates a 50% share of any profits. Which violations, if any, has Priya committed?

Why D — A violation for sharing in a customer's account disproportionate to her financial contribution

Under NASAA model rules, an agent may share in profits and losses of a customer's account only with proper written authorization and only in proportion to the agent's financial contribution to the account. Priya contributed 20% of the capital but negotiated a 50% profit share, which is disproportionate. This arrangement is prohibited regardless of customer consent or broker-dealer notification. The governing USA principle is unchanged even though the framing is different.