Answer:Article VI, Paragraph 2 of the U.S. Constitution is commonly referred to as the Supremacy Clause. It establishes that the federal constitution, and federal law generally, take precedence over state laws, and even state constitutions.
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Under the Uniform Securities Act, the limited registration provision available to Canadian broker-dealers and their agents permit such broker-dealers to conduct businesses with interested people who reside in Canada; in addition, broker-dealers can also conduct businesses with Canadians who plan to reside in the state on a temporary basis, and whom they were already familiar with, prior to the time they came to the United States.
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