Series 63: Exercise

Exercise

Choose A, B, or BOTH

1. _____ John works for a broker-dealer. He has an office in State A. He has no office in State B, and he has 5 institutional clients and 2 retail clients there. In which state or states should he be registered?

2. _____ Steve, who has an office in State a, has a client named Brenda. He has worked with Brenda for five years,and she is currently on vacation in State B when Steve effects a transaction for her. In which state or states should Steve be registered?

3. _____ Quinne is an agent with an office in State A, where she sells only exempt Treasury securities. She also has 10 institutional investors but no office in State B. In which state or states should Quinne be registered?