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18 Cards in this Set
- Front
- Back
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The consent to service of process is only required to be filed at the _____ registration process |
Initial |
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The purpose of the consent to service of process is so that |
A client can still sue a registered rep even if that rep no longer works for the broker dealer and they cannot be located |
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A filing fee must be paid at the time of ______ registration |
Initial |
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Surety bond |
A bond that is in place to pay the court if a rep violates the USA and loses in a court of law |
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A persons registration becomes effective ____ days after the filing of the application |
30 days after |
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All registrations expire on _____ of that same year |
December 31st |
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Broker dealers file form ____ and use system _____ for registration |
BD and CRD |
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A rep files form ____ and uses the ____ system |
U4 and CRD |
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An investment adviser uses form ________ and uses the _____ system |
Adv part 1&2, the IARD system |
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IA reps file form _____ and use the ____ system via the ____ |
U4.... They use the IARD system via the CRD |
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Name two records that need to filed for at least 3 years |
Advertising Customer complaints Confirms |
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Name two records that need to be kept for 6 years |
Blotters Customer statements General ledgers |
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Name two records that need to be kept for lifetime |
Articles of incorporation Partnership agreements |
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If they have an office in the state they MUST _____ |
Register |
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If they do not have an office in the state and do business with only institutional investors then they _____ need to register |
Do not |
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If they do not have an office in the state and do business with retail clients that ____ in the state then they _____ register |
live in the state then they Must register |
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If they do not have an office in the state and they do business with clients who ____ in the state, then they _____ have to register |
Do not live in the state Do not need to register |
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A BD can transact business with Canadians residents if they |
Had a relationship before the Canadian person came to the United States |
