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Sagot :
If the agent contacts a retail client in Ohio recommending the purchase of an unregistered non-exempt security, jurisdiction over this violation of the Uniform Securities Act would lie with the Administrator(s) of Both New York and Ohio.
A starting point for state-level securities regulation is the model law known as the Uniform Securities Act. The Securities and Exchange Commission (SEC) needs assistance with enforcement and regulation, thus the Uniform Securities Act was created to address securities fraud at the state level.
This advice is seen as an offer, and no offer of a security may be made in a state unless the security is registered, the transaction is exempt, or the security is exempt (this one isn't because it is solicited). The question doesn't specify whether the offer has ever been accepted, but that is unnecessary because the offer is in violation on its own—we don't need a sale—and administrators have jurisdiction over offers made in the originating state (New York), the state to which the offer is directed (Ohio), and the state in which it is accepted.
Know more about Ohio:
https://brainly.com/question/17751928
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