unit 3

Question 1

securities exchange act 1934

Answer 1

dels with bds and agents

Question 2

BD

Answer 2

effects securities transactions for others or themselves

Question 3

BDS generally register

Answer 3

with both sec and state

Question 4

revocation of the registration of agents BD will result in

Answer 4

cancelation of that agents effective registration

Question 5

do administrators hold licenses

Answer 5

no

Question 6

can agent work for more than one broker dealer

Answer 6

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

Question 7

Under the USA, only an_____ can be an agent

Answer 7

individual