Series 10 Exam Question 14: Answer and Explanation

Question: 14

Which of the following is true?

I. An OSJ must have at least two resident principals.

II. An OSJ is responsible for the activities of the branch offices in its area.

III. A registered representative may act as the manager of a branch office.

IV. An OSJ must have a resident FINOP.

• A. I and III
• B. II and III
• C. I and IV
• D. II and IV

Correct Answer: B

Explanation:

All branch offices are required to be supervised by an OSJ, and a registered representative may act as the manager of the branch.