Laws & RegulationsCâu 97 / 110
Under the Uniform Securities Act, which person is excluded from the definition of a 'broker-dealer' in a given state?
a.A firm that solicits retail clients throughout the state
b.A firm with an office in the state dealing with the public
c.A firm with no place of business in the state that deals only with existing clients temporarily present there
d.A firm that advertises to state residents
Giải thích
A firm with no place of business in a state may be excluded from that state's broker-dealer definition if it deals only with certain exempt clients or existing clients who are merely temporarily present. Establishing an office or soliciting the general public in the state triggers registration. These exclusions limit unnecessary duplicate registration.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment adviser representative who moves to a new advisory firm must generally do which of the following?
- An investment adviser exercising discretionary authority over a client account must generally obtain what?
- Under the Uniform Securities Act, the Administrator may deny, suspend, or revoke a registration for which reason?
- The 'de minimis' exemption from state investment adviser registration generally applies when an adviser:
- Under the Investment Advisers Act of 1940, an advisory contract must generally provide that:
- A federal covered adviser doing business in a state is generally subject to which state requirement?
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