Laws & RegulationsPregunta 31 de 100
The definition of 'sale' or 'offer to sell' under the Uniform Securities Act generally includes:
a.A gift of assessable stock
b.A bona fide pledge of securities as loan collateral
c.A stock dividend where no consideration is given
d.A bona fide gift of nonassessable stock
Explicación
The Act treats a gift of assessable stock as a sale because the recipient may owe future assessments, constituting value. Bona fide gifts of nonassessable stock, stock dividends, and collateral pledges are generally not sales. These definitional nuances affect when the Act applies.
Referencia Legal: Uniform Securities ActPractica las 100 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- NASAA's model rule on unethical business practices of investment advisers would consider which of the following a violation?
- Which threshold generally determines whether a mid-sized adviser registers with the SEC rather than the states?
- An agent effects a transaction that is not recorded on the books of the employing broker-dealer, without the firm's knowledge or authorization. This is best described as:
- An Administrator's authority to conduct investigations and subpoena witnesses generally extends to conduct that:
- A broker-dealer wishes to withdraw its registration. Under the Uniform Securities Act, withdrawal generally becomes effective:
- An adviser engages in an agency cross transaction, arranging a trade between two of its advisory clients. To do this properly, the adviser generally must:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con NASAA Series 66 Uniform Combined State Law Exam · Cómo revisamos