Chapter3: State Administrator Jurisdiction Flashcards
0
Q
No jurisdiction by state administrator
A
Offer in newspaper with general circulation outside of state or sixty-six percent in another state. Made over tv, radio or Internet in another state.
1
Q
State Administrator Jurisdiction, provided by Uniform Security Act
A
If representative or client reside in state; an offer is directed from or into the state; an offer is transacted or accepted in the state
2
Q
Advisor administrator requirement
A
Effective 30 days after application received; renewed by Dec31, and renewal fee
3
Q
Record Keeping
A
Books and financial records, advisor contracts, client reports, inspections, advertising, sales and literature.
Must keep for 5 years, 2 in principal office.
