Laws & RegulationsCâu 23 / 100
Which of the following is generally an exempt security under the Uniform Securities Act?
a.A security issued by a bank organized under U.S. law
b.A limited partnership interest sold to the public
c.A promissory note from a start-up sold door to door
d.A newly issued penny stock offered to retail clients
Giải thích
Securities issued by banks are exempt securities under the Act because of the regulated nature of the issuer. Public limited partnership interests, speculative promissory notes, and penny stocks are not automatically exempt. The exemption rests on issuer characteristics.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Investment Advisers Act, a performance-based fee that charges a share of capital gains is generally permitted only when the client is:
- The Administrator may issue a cease and desist order:
- An IAR recommends a securities transaction that will generate a large commission for the IAR's affiliated broker-dealer. To act ethically, the IAR must at minimum:
- An agent guarantees a customer against loss on a stock recommendation to close the sale. This practice is:
- Under the Uniform Securities Act, the statute of limitations for a purchaser to bring a civil suit for a violation is generally:
- A remedy available to a defrauded purchaser under the civil liability provisions of the Act typically allows recovery of:
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