Laws & RegulationsCâu 3 / 100
Which of the following is considered an exempt SECURITY under the Uniform Securities Act?
a.A general obligation bond issued by a municipality
b.A private placement sold to 40 non-institutional buyers
c.An unsolicited transaction by an existing customer
d.A sale to an insurance company
Giải thích
A municipal general obligation bond is an exempt security because of the nature of the issuer. The other choices describe exempt TRANSACTIONS, which relate to how or to whom a security is sold rather than the security itself. Distinguishing exempt securities from exempt transactions is a core Series 66 concept.
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 Uniform Securities Act, what is the correct order of registration for a security using the coordination method?
- An agent registered in State A takes an unsolicited order from a client who is vacationing in State B, where the agent is not registered. Which statement is most accurate?
- An investment adviser representative learns material nonpublic information about a public company from a client who is a corporate insider. The IAR then buys the stock for personal gain. This conduct is best described as:
- Under the Uniform Securities Act, which person would MOST likely need to register as an agent?
- Which of the following professionals would most likely qualify for the exclusion from the definition of investment adviser because advice is incidental to their practice and no special compensation is received?
- A federal covered investment adviser with clients in five states is generally subject to registration and oversight primarily by:
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