Smith & Co., a registered broker-dealer in State A, changes its legal form from a partnership to a corporation. The principals and business operations remain unchanged. What must Smith & Co. do regarding its registration?

1. ANothing, as the registration transfers automatically
2. BImmediately cease all business until a new registration is approved
3. CNotify clients but take no action with the Administrator
4. DFile a successor firm amendment to its registration✓ Correct answer

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