Laws & RegulationsCâu 12 / 100
A broker-dealer with no place of business in a state deals exclusively with which type of client and may qualify for an exemption from registration in that state?
a.Retail walk-in customers
b.Institutional clients such as other broker-dealers and banks
c.First-time individual investors
d.Clients referred by local advertising
Giải thích
A broker-dealer with no place of business in the state may be exempt from registration if it deals only with institutional clients, other broker-dealers, or issuers. Dealing with retail customers in the state generally triggers registration. The exemption is designed for limited, professional-to-professional activity.
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 an exempt TRANSACTION under the Uniform Securities Act?
- The state Administrator may deny, suspend, or revoke the registration of an agent if the agent:
- Under NASAA model rules on custody, an investment adviser that has custody of client funds or securities generally must:
- Under the Investment Advisers Act, an adviser's brochure (Form ADV Part 2) must be delivered to a client:
- An investment adviser wants to enter a contract that assigns the advisory agreement to another firm following a merger. Under the Uniform Securities Act, assignment of an advisory contract generally requires:
- Which of the following best describes a fiduciary obligation that an investment adviser owes but a broker-dealer historically did not owe under a pure suitability standard?
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