Q:
When an agent of a broker-dealer begins employment with another broker-dealer, who is responsible for notifying the state administrator of the change?
A) The agent
B) The prior employer
C) The new employer
D)
A:
The correct answer is D).
When an agent moves from one broker-dealer's employ to another, all parties are responsible for notifying the state administrator of the change.

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RELATED FAQS

  1. If a sales representative moves from one broker-dealer to another ...

    The correct answer is b. I, II and III are correct since all parties are required to notify the Administrator.
  2. ABC Broker-dealer has no office in state and transacts fewer than five trades during ...

    The correct answer is b. Under these circumstances, the broker-dealer is not required to register with the state and the ...
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    The correct answer is c. I is incorrect, since broker-dealers or their agents who don’t receive a fee for making investment ...
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    The correct answer is c). This would be considered a private securities transaction, which is not permitted. All securities ...
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    The correct answer is a. The Administrator has jurisdiction over investment advisers, broker-dealers and sales representatives ...
  6. A sales representative or broker-dealer that violates the Uniform Securities Act ...

    The correct answer is a. The sales representative or broker-dealer is required to pay interest, court and attorney’s fees ...
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