Câu 63: SERIES-63: Uniform Securities State Law Examination

Which of the following statements regarding the registration of broker-dealers and investment advisers is true?

1. A. Investment advisers are required to register with both the state and the SEC, while broker-dealers may be registered with only one or the other.
2. B. Investment advisers must always be registered with the SEC to conduct business; broker-dealers may be registered with either an individual state or the SEC or both.
3. C. Investment advisers are required either to be registered with a state or with the SEC, while broker-dealers must be registered both with the SEC and the state. — đáp án hiện tại
4. D. Both investment advisers and broker-dealers must be registered with the SEC and with the states in which they have offices.