RegistrationCâu 16 / 100
Which of the following is specifically excluded from the definition of broker-dealer under the Uniform Securities Act?
a.A bank, savings institution, or trust company
b.A firm that maintains a branch office in the state and trades for retail customers
c.A firm with no place of business in the state that solicits retail investors there by telephone
d.A partnership organized to trade securities for the accounts of its many outside investors
Giải thích
The broker-dealer definition expressly excludes agents, issuers, and banks, savings institutions, and trust companies. A firm with a place of business in the state must register regardless of client type, and a firm cold-calling retail residents from out of state is doing business in that state. The trading partnership effects transactions for the accounts of others and would need to register.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Unless renewed, the registration of a broker-dealer, agent, investment adviser, or investment adviser representative expires:
- An individual represents a corporate issuer in selling only United States Treasury notes and general obligation bonds of the state to the public. Under the Uniform Securities Act, this individual:
- A certified public accountant prepares tax returns for a client. During the engagement she explains that municipal bond interest would reduce the client's tax bill and suggests he discuss municipal bonds with a broker. She charges only her standard tax preparation fee. Under the Uniform Securities Act, the accountant is:
- An investment adviser with $400 million in assets under management is registered with the SEC and has offices in three states. With respect to those states, the adviser:
- An individual who advises clients on behalf of a federal covered investment adviser works out of the firm's branch office in State P. This individual:
- A broker-dealer registered in State A opens a branch office in State B. Its only State B customers will be three large insurance companies. Regarding State B registration, the firm:
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