Series 63 practice questionmediumAgent exclusion—clerical and administrative
Which of the following employees at a broker-dealer must register as an agent under the USA?
- AA receptionist who sometimes relays client messages.
- BA sales assistant who helps prepare order paperwork and occasionally accepts client orders.✓ Correct answer
- CA bookkeeper who manages payroll.
- DA janitor who works after business hours.
Explanation
Why B — A sales assistant who helps prepare order paperwork and occasionally accepts client orders.
Sales assistants who accept client orders are effecting securities transactions and must register as agents (USA Sec. 401(b)). Clerical, bookkeeping, and janitorial roles are excluded.
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