Series 63: Exercise

Exercise

Please choose A, B, or both

1. 1. _ John works for a brokerage firm. John has an office in State A and has a retail client named Mary. In his first two weeks as her agent, John effected three securities transactions for Mary before she travelled to State B on a one-week vacation. Then, John made a fourth transaction for Mary while she was in State B. In which state or states should John be registered?
2. 2. _ Steve, who has an office in State A, has a client named Brenda. He has worked with Brenda for five years, but unfortunately Brenda recently moved to State B. Steve wants to effect a transaction for Brenda today, two weeks after she made her move. In which state or states should Steve be registered?
3. 3. _ Quinne is an agent with an office in State A where she sells only exempt Treasury securities. She also has 10 institutional investors in State