Respuesta :
If the broker-clients dealer's in State B were exclusively State B government officials, then State B would require that the broker-dealer register there.
Broker-dealers are exempt from registration in a State if they do not have an office there and exclusively conduct business with institutional clients there. Institutional clients include broker-dealers, financial advisors, and organizations that accept deposits, such as banks. On the other hand, because the broker-dealer is now working with "ordinary investors," the sale of securities to State B government employees would necessitate the broker-registration dealer's in the State.
Does the FINRA require broker-dealers to register?
Both businesses and individuals must be registered with FINRA to transact securities and do business with the investing public in the United States. To become a FINRA-registered broker-dealer, a company must apply and complete specific membership requirements.
Learn more about Broker-dealers: https://brainly.com/question/28236311
#SPJ4
