Series 10 Practice Exam 2025 – Complete Guide for Securities Sales Supervisor Prep

Question: 1 / 400

A yacht used for client entertainment by a registered representative is classified as what type of location?

A registered branch office

An office of convenience

A yacht used for client entertainment by a registered representative is classified as an office of convenience. This classification is appropriate because an office of convenience typically refers to a temporary or informal setting where business occurs, and it doesn't meet the criteria of a fully operational branch office.

In this scenario, the yacht serves as a location for meetings and entertainment without being a permanent place of business. While it facilitates client interaction and business discussions, it lacks the features and infrastructure that would categorize it as a branch office, such as regular operations, fixed signage, and institutional affiliations.

Choosing this option aligns with industry regulations and practices that recognize informal meeting places as valid environments for client engagement, particularly in unique scenarios like a yacht, which may not have dedicated business premises but can still be used for professional purposes.

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A satellite office

A non-branch location

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