Question

All of the following individuals are defined as "sales representatives" under the Uniform Securities Act EXCEPT an individual employed by a broker-dealer who:

A. effects securities transactions only in non-exempt securities

B. effects securities transactions only in exempt securities

C. performs the function of giving securities quotations over the phone

D. performs the function of accepting orders from customers of the firm

Answer 1

Answer: C.  performs the function of giving securities quotations over the phone

Explanation:

According to the Uniform Securities Act, a sales representative is an individual which is employed by a broker- dealer and provides trading of both non-exempt and exempt securities. This individual is to be registered in the state where it is working as sales representative of the broker-dealer.