Series 7 - General Securities Representative Exam

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Which of the following is TRUE of blue sky laws?

They limit the scope of enforcement by the SEC
A
They are not designed to protect individuals from fraudulent statements
B
The issuer only has to register the security with the SEC and not the individual states where the security is to be sold
C
The broker-dealer, the salesperson, and the security must all be registered in the customer's state where a security is sold
D

Explanations

The broker-dealer, the salesperson, and the security must all be registered in the customer's state where a security is sold

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