Answer: A

Rationale: If the Administrator wishes to enter an order suspending or revoking a registration, this action must be in the public interest and the Administrator must believe that a violation of the Act has occurred; or is about to occur.

Answer: A

Rationale: Wrap accounts are a type of customer account, where all services performed by the broker are "wrapped" into a single account; and a single annual fee based as a percentage of assets under management is charged. There is no commission charge for each transaction performed in such an account; all services are covered in the single "wrap" fee.

Answer: A

Rationale: Registration by Filing is the method commonly used by "non-issuers" to offer shares in the State. As an example, an officer of a company holds unregistered shares of that company. If the company has registered shares outstanding, and is current in its SEC filings, the officer can sell the shares under SEC Rule 144, which registers the shares federally. To register the shares in the State, the officer would use the Registration by Filing procedure, since it is the simplest registration method.

Answer: D

Rationale: State blue sky laws provide for registration of broker-dealers and agents; registration of investment advisers and investment adviser representatives; and registration of securities issues. Note that the issuer itself is not registered in the state under the Uniform Securities Act - only the securities that it issues are registered.

Answer: B

Rationale: Under the Uniform Securities Act, when an agent associates with a broker-dealer; or terminates those activities that make him or her an agent; both the agent and the broker-dealer must notify the State Administrator promptly.