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Which statement about the posting of a surety bond as a condition of a broker-dealer's registration in a state is TRUE? A B C A

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Which statement about the posting of a surety bond as a condition of a broker-dealer's registration in a state is TRUE? A B C A A A surety bond is not required if the broker-dealer does not take custody of client funds or securities surety bond is not required if the broker-dealer is registered in at least 5 other States surety bond is not required if the broker-dealer has been in business for at least 10 years in another State surety bond is not required if the broker-dealer has net capital that is more than the surety bond amount D A

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