Under Consent to Service of Process, who is designated to receive and process noncriminal securities-related complaints against the applicant?

• A. The applicant
• B. The state administrator
• C. The SEC
• D. The state's governor

Answer: (B)

Consent to Service of Process designates the official who may receive and handle noncriminal securities-related complaints within the state. That recipient is the state administrator—the head of the state securities regulator. This arrangement ensures civil enforcement actions can be properly served and pursued in that state, even if the respondent isn’t local.

The applicant themselves aren’t the recipient, the federal Securities and Exchange Commission isn’t the designated recipient for state noncriminal matters, and the governor isn’t involved in processing these complaints.