RegistrationCâu 20 / 100
An agent working from an office in State A mails a prospectus and a solicitation letter to a prospect who reads it at her home in State B. Under the Uniform Securities Act, the offer is considered made:
a.Only in State A, where the letter originated
b.Only in State B, where the letter was received
c.In neither state, because no sale occurred
d.In both State A and State B, giving each Administrator jurisdiction
Giải thích
An offer is made in a state if it originates from that state or is directed to and received in that state, so both Administrators have jurisdiction. The failure to complete a sale is irrelevant because the act reaches offers as well as sales. Sending offering material into a state is precisely the conduct that triggers the receiving state's authority.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- A securities offering is advertised in a television broadcast that originates outside State C but is viewed by residents of State C. Under the Uniform Securities Act, the offer is:
- An employee of a manufacturing corporation is asked to distribute and explain the company's new stock purchase plan to fellow employees. She receives no commission or other remuneration for these sales. Under the Uniform Securities Act, she is:
- A broker-dealer's state registration is suspended for sixty days. During the suspension, the registrations of the agents employed by that firm:
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