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Which of the following statements about agents is (are) false?
Suggested Answer: C
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The statement that an agent must demonstrate a specific minimum level of financial stability for his registration application to be accepted is false. The Administrator may require an agent to post a bond, but there are no specific minimum financial requisites that must be met. The Administrator also has the right to terminate an agent's registration if the agent becomes bankrupt. Both the agent and his broker-dealer affiliate are required to inform the Administrator whenever there is a change in the agent's personal information, such as a name change or a change of address.
3 comments · newest first
AN
Annice
5 days ago
I believe statement B is true too, as agents and their brokers usually need to keep the Administrator updated on address changes.
CI
Ciara
10 days ago
I'm not sure about statement C; I feel like there was a practice question that mentioned financial stability but I can't recall the details.
KE
Keneth
15 days ago
I think statement A is true because I remember something about the Administrator having the authority to terminate registrations for public interest.