Question

A registered broker-dealer has an employee who is not registered as an agent in that State. The employee wishes to sell U.S. Government bonds in that State. Which statement is TRUE

Answer 1

Answer:

A.

Explanation:

Based on the answers provided it can be said that in this scenario statement "A" is true, The employee is prohibited from selling the U.S. Government bonds unless he is registered as an agent in that State. Any agent trying to sell a security in that State, needs to be registered or fall under an exemption provided from registration, and since no exemption is provided to agents of broker-dealers that offer U.S. Government securities he needs to be registered.