Series 63 practice questioneasyIndividuals who must register as agents
Which of the following individuals MUST register as an agent under the USA?
- AAn individual who accepts customer orders for securities at a broker-dealer's branch office.✓ Correct answer
- BA CEO of an issuer selling exempt securities to institutions only.
- CAn employee of a broker-dealer who handles only bookkeeping.
- DAn assistant who schedules appointments for registered agents.
Explanation
Why A — An individual who accepts customer orders for securities at a broker-dealer's branch office.
Anyone involved in the sale or solicitation of securities on behalf of a broker-dealer must register as an agent (USA Sec. 401(b)). Clerical or administrative staff, or those representing issuers in exempt transactions, do not need to register.
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