Series 66: Exercise

Exercise

Choose the Correct Answer

1. 1. True or false. Partners, officers, and directors of a broker-dealer must always register as agents of a broker-dealer.
2. 2. True or false. Clerical staff members are always exempt from agent registration requirements.
3. 3. True or false. Agents are not required to meet net capital requirements.
4. 4. _____ is the form which must be filed by a sponsoring broker-dealer or issuer before an agent can be registered.
5. 5. _____ is the form that is filed by a broker-dealer in order to terminate an agent’s registration.

Answers

1. 1. False. Unlike in the case of registration of investment adviser representatives, partners, officers, and directors of broker-dealers are not required to register as agents in all cases. It is only when th