Laws & RegulationsCâu 107 / 110
Under the Uniform Securities Act, an individual who represents a broker-dealer in effecting securities transactions is defined as which of the following, and must generally register?
a.An agent
b.An issuer
c.An investment adviser representative acting for a bank
d.A federal covered adviser
Giải thích
An individual who represents a broker-dealer in effecting or attempting to effect purchases or sales of securities is an agent under the Uniform Securities Act and generally must register in the states where they conduct business. Certain representatives of issuers in exempt transactions may be excluded. Agents are distinct from investment adviser representatives, who give advice rather than execute trades.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which professional is most likely excluded from the definition of investment adviser when advice about securities is incidental to their practice and no special compensation is received?
- An adviser's obligation to protect clients' nonpublic personal information and provide a privacy notice arises principally from which requirement?
- Under the Uniform Securities Act, a willful violation of the act by an adviser or agent can result in which of the following?
- State rules addressing an adviser that maintains custody or discretion over client accounts commonly require the adviser to do which of the following?
- An adviser is granted authority to decide only the price and time at which to execute a client-specified purchase of a particular security. This is best described as:
- Under the NASAA model rules on unethical business practices, which of the following is prohibited for an adviser or agent?
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