unit 3 Flashcards
1
Q
securities exchange act 1934
A
dels with bds and agents
2
Q
BD
A
effects securities transactions for others or themselves
3
Q
BDS generally register
A
with both sec and state
4
Q
revocation of the registration of agents BD will result in
A
cancelation of that agents effective registration
5
Q
do administrators hold licenses
A
no
6
Q
can agent work for more than one broker dealer
A
USA does permit registration with more than one under certain conditions. An agent must submit separate registrations for each broker-dealer with which he is registered
certain states prohibit this though
7
Q
Under the USA, only an_____ can be an agent
A
individual
