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Details Title: Series 63 Description: Registration of Persons (True or False) Total Flash Cards: 5 Created: 07/31/2005 20:26:11	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term A corporation is not a person and therefore the state Administrator does not have jurisdiction over its securities activities. Definition False. Term In general, a person who effects transactions in securities for itself or for the account of others in the course of business, must register in the state as a broker/dealer. Definition True. Term A person not defined as a broker/dealer in the state under the USA need not register as such. Definition True. Term An individual is a natural person and not a legal person subject to the jurisdiction over its securities activities. Definition False. Term Under the Uniform Securities Act (USA), an out-of-state firm that transacts business with an established customer who is on vacation is not considered a broker in the state in which the customer is on vacation. Definition True.