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"A broker-dealer registered in States A and B has an agent that is registered in State A. The agent takes an unsolicited order from a customer in State B. The agent will"

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Answer:

A. this is an existing customer who resides in State A but is temporarily vacationing in State B

Incorrect Answer B. the customer is the issuer of the securities involved in the transaction

C. this is an isolated transaction

Correct Answer D. the customer is an accredited investor

A broker-dealer registered in States A and B has an agent that is registered in State A. The agent takes an unsolicited order from a customer in State B. The agent will have to register in state B if

the customer is an accredited investor

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