Answer: The action of the Chilean regulator can cause the administrators of A, B, C to revoke her registration.
Step-by-step explanation:
The options are:
A. The action of the Chilean securities regulator has no bearing on this individual's State agent registrations
B. The action of the Chilean regulator can cause the Administrator of State A only to revoke her registration
C. The action of the Chilean regulator can cause the Administrators of States B and C only to revoke her registration
D. The action of the Chilean regulator can cause the Administrators of States A, B and C only to revoke her registration.
From the question, we are told that an agent of a broker-dealer has her office in State A and also has customers in States B and C, in which she is also registered. She also has a group of customers who are dual citizens of the United States and Chile and has been referred business in Chile by some of these clients. To sell securities to these clients in Chile, she files a registration application with the Chilean securities regulator, who denies the application.
Based on the options given, the most logical reason will be that the action of the Chilean regulator resulted in the administrators of A, B, C revoking her registration.