Question

According to the Uniform Securities Act when a corporation is the successor broker-dealer to a partnership, which of these choices is correct with regard to registration of its directors as agents of the broker-dealer?

Answer 1

When the broker-dealer is registered, it automatically constitutes registration of the directors as agents of the broker-dealer.

Step-by-step explanation:

The uniform securities act is a law created as a starting point for state securities regulations. The aim of this act is to rid tthe Security and Exchange commission of sams and fraud.

In the event that a partnership is taken over by a corporation, the Uniform Seecurities Act makes the registration of the directors of the corporation as broke-dealers.

i hope this helps.