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

By Investopedia AAA
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. How do I find a good personal bankruptcy lawyer?

    Read how to find a good personal bankruptcy lawyer, and learn how much you can expect to pay for services if you are considering ...
  2. What are unregistered securities or stocks?

    Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must be registered with ...
  3. How does FINRA differ from the SEC?

    With all the financial organizations out there, knowing what they all do can be as complicated as knowing where to invest. ...
  4. What is the Dodd-Frank Act? How does it affect me?

    The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation passed by ...
RELATED TERMS
  1. Licensed For Reinsurance Only

    A license that allows a company to engage in services related ...
  2. Plant Patent

    An intellectual property right that protects a new and unique ...
  3. Patent Agent

    A professional licensed by the United States Patent and Trademark ...
  4. Appraised Equity Capital

    The excess of the market value of an asset over its book value. ...
  5. Asset Liquidation Agreement (ALA)

    A contract between the Federal Deposit Insurance Corporation ...
  6. Adverse Domination

    A legal doctrine that allows regulators to bring litigation against ...
Related Articles
  1. How to Register Your Trademark
    Investing

    How to Register Your Trademark

  2. Filing A Patent
    Investing

    Filing A Patent

  3. Patents, Trademarks and Copyrights: ...
    Investing

    Patents, Trademarks and Copyrights: ...

  4. Protecting Your Idea: Should You Patent ...
    Investing

    Protecting Your Idea: Should You Patent ...

  5. Hiring A Patent Attorney
    Investing

    Hiring A Patent Attorney

Trading Center