Securities RegistrationCâu 49 / 100
A seller relies on a valid exempt transaction and therefore does not register the securities. Which statement is correct?
a.The antifraud provisions of the act still apply to the offer and the sale
b.The antifraud provisions do not apply because the transaction is exempt
c.The Administrator has no jurisdiction over the sale
d.The seller may make optimistic projections without qualification
Giải thích
An exemption relieves the parties of the registration requirement only; it never suspends the antifraud provisions, which reach any offer or sale of any security. The Administrator therefore retains full jurisdiction to investigate misstatements in an exempt offering. Unfounded projections presented as fact would be actionable regardless of the exemption.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
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- 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:
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