A:

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.



RELATED FAQS
  1. Under the Uniform Securities Law, broker-dealers are required to sign a consent ...

    The correct answer is c. The consent to service of process appoints the Administrator as attorney in the event of any lawsuits ... Read Answer >>
  2. How do I apply for Social Security retirement benefits?

    Understand the process of applying for Social Security benefits, the kinds of information and documentation you need, and ... Read Answer >>
  3. What documents I need to transfer an IRA/SEP/SIMPLE to a Traditional IRA?

    Most firms require that you complete their account transfer request form, which they use to request the transfer of assets ... Read Answer >>
  4. How can I change the information on my Social Security card?

    Discover the process of filing for a name change on your social security card, the documentation required for the request ... Read Answer >>
  5. Can a foreign individual open a savings account in the United States?

    Find out what it takes for a foreign individual to open a savings accounts in the United States in an age of heightened awareness ... Read Answer >>
  6. How do I track my pending application for Social Security benefits?

    Understand the simplest way to follow up on your Social Security benefits application and the basics of eligibility and payment ... Read Answer >>
Related Articles
  1. Investing

    Series 63 Exam State Securities Administrator

    Learn what you need to know about the state securities administrator to pass the Series 63 exam.
  2. Investing

    5 Free Or Low-Cost Legal Services

    Legal fees have never been more expensive. Here are some ways for you to save on legal fees while still getting reliable advice.
  3. Personal Finance

    Common Interview Questions for Project Managers

    Discover the basic skills needed for a position as a project manager along with common interview questions used in applying for such a position.
  4. Investing

    Get Approved for a Mortgage in an Hour

    The traditional mortgage approval process takes 2-4 weeks, but tech companies have reduced the time to get approved for a mortgage to less than one hour.
  5. Personal Finance

    Protecting Your Assets in Case of Incapacity

    Personal financial planning should include designating a trusted individual to make decisions on your behalf in case of incapacity. Here are the key steps.
  6. Personal Finance

    Applying To Graduate School: What’s Important?

    While the benefits offered by a top-tier graduate school are well known, the application process is more of a mystery.
  7. Personal Finance

    Top 5 Mistakes Job Hunters Make

    As competition for jobs increases, it's important that you avoid potential mistakes, beginning with the application process.
  8. Investing

    Homebuyers Bracing for Higher Interest Rates

    Mortgage applications rose by 5.5%, as homeowners brace for rising inflation and interest rates.
  9. Financial Advisor

    Is Greater Oversight of RIAs Coming?

    RIAs may be entering an era of greater oversight by the Securities and Exchange Commission. Here's why.
  10. Personal Finance

    Mobile Apps That Help You Earn Money

    With the mobile app industry set to continue its growth, we address apps that deliver money-making opportunities to users.
RELATED TERMS
  1. Consent Solicitation

    The process by which a security's issuer proposes changes to ...
  2. Limited Discretionary Account

    A type of account in which a client allows a broker to act on ...
  3. Mortgage Application

    A document submitted by one or more individuals applying to borrow ...
  4. Informed Consent

    Permission from a medical patient to a doctor to receive treatment ...
  5. Loan Application Fee

    A fee charged to process an application for a loan, such as a ...
  6. Enterprise Application Integration

    The translation of data and other commands from one application ...
Trading Center