Final answer:
As a registered rep, you typically need to be registered in the state where your customer resides to conduct transactions. If your broker-dealer is registered nationwide, they may have procedures that allow you to work with out-of-state clients while complying with regulations.
Step-by-step explanation:
If you are a registered representative (registered rep) in one state but your broker-dealer is registered in all 50 states, the ability to fill a transaction for an individual who resides outside the state you are personally registered in depends on several factors, including the specific regulations of the state where the client resides and the rules set forth by FINRA and the SEC. Generally, as a registered rep, you must be properly registered in the state where your customer resides in order to conduct securities transactions with them. However, if your broker-dealer is registered in all 50 states, they may have policies and procedures that permit you to work with out-of-state clients in accordance with regulatory requirements. Always ensure compliance with both federal and state securities laws.