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← Series 63: Regulation of Broker-Dealers & Agents
Series 63 practice questioneasyBroker-Dealer Registration — Requirements

Which of the following is NOT required in a broker-dealer's registration application?

  1. AThe applicant's form and place of organization
  2. BThe applicant's proposed method of doing business
  3. CThe names of all clients the applicant intends to solicit✓ Correct answer
  4. DQualifications and business history of the applicant
Explanation

Why C — The names of all clients the applicant intends to solicit

Under USA Section 202(a), a broker-dealer registration application must include the form and place of organization, proposed method of doing business, qualifications, and business history, among other items. A list of prospective clients is not required, as client relationships have not yet been established at the time of registration.

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