Series63 Latest Exam Braindumps
Question 6: Trevor is currently a registered agent in the state of Connecticut where he has been employedby Connect
& Company, a broker-dealer that is registered in Connecticut and has subsidiary operations in
Massachusetts, New Jersey, and New York. Trevor has moved to Massachusetts and is now
associated
with one of Connect's subsidiaries, a broker-dealer registered in the state. Trevor has applied to the
Administrator of Massachusetts for registration as an agent. Can Trevor execute purchases and sales
for
clients while his registration is still pending?
A. No. Until he is informed by the Administrator of Massachusetts that his application has been
accepted,
Trevor may not effect any securities transactions in Massachusetts.
B. Yes. Because Trevor is a registered agent in another state and is affiliated with a broker-dealer that
is
registered in the state of Massachusetts, he is not restricted from executing trades.
C. Yes. Trevor can execute trades for new clients he solicits, but only for sixty days while his
registration
is pending.
D. It depends. Trevor can execute some purchases and sales, but only for clients that he already had
who
may have recently relocated to Massachusetts and only for sixty days while his registration is
pending.
Correct Answer: D
Explanation: It depends. Because he is a registered agent in another state and the broker-dealer he is
now affiliated with is registered in the state of Massachusetts, Trevor can execute purchases and
sales,
but only for existing clients while his registration with the Massachusetts Administrator is still
pending and
only for sixty days. This assumes, of course, Trevor has no violations that would restrict him from
registering in Massachusetts.
