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A person represents a broker-dealer as an independent contractor in a state. The broker-dealer and the person are not registered in the state. Under the USA, __________.

User Jaymon
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Answer: The correct answer is : The person is considered as an agent and together with the broker-dealer must register with the state.

Explanation: An agent is anyone who represents a broker-dealer can be as an employee or as an independent contractor in a state and both have to register in the state, so that the agent can conduct business.

User Bhavana Vadodariya
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