Business PracticesCâu 71 / 100
Regarding advertising and sales literature used to offer securities in a state, the Administrator:
a.Has no authority over advertising of any kind
b.May prohibit only advertising that mentions past performance
c.May require prior approval of advertising for federal covered securities
d.May by rule require the filing of advertising and sales literature, except for federal covered securities and exempt securities and transactions
Giải thích
The act allows the Administrator to require that prospectuses, pamphlets, circulars, letters, and other sales literature used in the state be filed, and material that is false or misleading may be halted. That filing authority does not extend to federal covered securities, where federal law preempts, or to exempt securities and exempt transactions. Antifraud authority over misleading advertising remains in all cases.
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 broker-dealer sells a customer bonds out of the firm's own inventory. Which disclosure obligation applies?
- A broker-dealer decides to raise its account maintenance and transfer fees substantially. Under NASAA rules, the firm:
- A broker-dealer publishes a market letter recommending a stock in which it holds a substantial proprietary position and for which it makes a market. The letter must:
- A customer receives a margin call and cannot meet it. The agent offers to lend the customer the money personally so the position need not be sold. This is:
- A customer instructs her agent to sell her entire position in a stock. The agent, believing the stock will rebound, sells only half. The agent has:
- An agent realizes a new account form is missing a signature, so he signs the customer's name himself, reasoning that the customer had already agreed by telephone. This conduct is:
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