Question

"A client of a sales representative who is based in New York moves to the State of Florida. The sales representative and his broker-dealer are registered in the State of New York, but not in the State of Florida. To solicit the customer's business in the State of Florida, the:"

Answer 1

Answer:

Both the sales representative and his broker-dealer must register in the state of Florida in order to legally solicit orders for any client living in that state. The client was originally living in New York, but once he/she moved to Florida, Florida's Uniform State Law requires that the sales representative and the broker dealer register with them. Once they are registered, they can solicit orders for this specific client and any other client that they might have in the state.