According to NASAA, which statement is true for agents conducting business online?

The statement that agents must be registered or exempt from registration is correct. This reflects the regulatory framework set by NASAA (North American Securities Administrators Association) that governs how agents conduct business, particularly in an online environment.

Agents conducting business related to securities must ensure they are compliant with the licensing requirements of the states in which they operate. Being registered provides legal recognition and oversight, ensuring that agents adhere to necessary regulations that protect investors. Additionally, there are often specific exemptions available for certain types of transactions or activities; however, an agent is required to be either registered or fall under an exemption to lawfully conduct business.

This understanding emphasizes the importance of regulatory compliance in maintaining investor protection and upholding market integrity, especially in the rapidly evolving landscape of online commerce. The other options present different views on licensing that do not align with NASAA's guidelines.