Exercise
Answer True or false
- 1. True or false. Partners, officers, and directors of a broker-dealer must always register as agents of a broker-dealer.
- 2. True or false. Clerical staff members are always exempt from agent registration requirements.
- 3. True or false. Agents are not required to meet net capital requirements.
Fill in the blank
- 4. _ is the form that must be filed by a sponsoring broker-dealer or issuer before an agent can be registered.
- 5. _ is the form that is filed by a broker-dealer in order to terminate an agent’s registration.
Answers
- 1. False. Unlike in the case of registration of investment adviser representatives, partners, officers, and directors of broker-dealers are not required to register as agents in all cases. It is only when they begin