Exercise
Answer the Following Questions.
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.
4. _____ is the form which 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 direct