Filed Under:

When an applicant submits a registration application, under the USA, it must include a consent to service of process, this means that the applicant:

A. Has made an application to serve legal papers on behalf of the state's Administrator

B. Has empowered the state's Administrator to receive legal documents, such as summons on the behalf of the applicant

C. Has consented to the process of securities examinations conducted by the Administrator

D. Has agreed to have the SEC examine books and records of the firm



Correct answer: B

A consent to service of process is required of all applicants - individual or institutional - appoints the Administrator to receive legal documents (processes) on behalf of the person making the application.

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