Securities RegistrationCâu 48 / 100
In an administrative proceeding, a party claims that an offering qualified for an exemption from registration. Which statement is correct?
a.The Administrator must prove that the exemption does not apply
b.An exemption once claimed cannot be revoked
c.The burden of proving an exemption rests on the person claiming it, and the Administrator may by order deny or revoke a specific exemption
d.Exemptions may be revoked only by a court
Giải thích
The act places the burden of proving an exemption or an exception on the person who claims it, so a firm relying on an exemption should document the supporting facts at the time of the sale. The Administrator also has authority to deny or revoke an exemption for a particular security or transaction by order, subject to notice and hearing rights. No court order is needed for the Administrator to act.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following is NOT an exempt security under the Uniform Securities Act?
- A church issues bonds to finance construction of a new fellowship hall and sells them to members of the congregation. Under the Uniform Securities Act, these bonds are:
- Which of the following is an exempt transaction under the Uniform Securities Act?
- A seller relies on a valid exempt transaction and therefore does not register the securities. Which statement is correct?
- Which statement about a state securities registration statement is correct?
- A small issuer registers a stock offering by qualification. The Administrator is concerned that the business plan cannot be carried out unless a substantial portion of the offering is sold. The Administrator may:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NASAA Series 63 — Uniform Securities Agent State Law Exam · Quy trình kiểm tra