Laws & RegulationsCâu 30 / 100
An agent effects a transaction that is not recorded on the books of the employing broker-dealer, without the firm's knowledge or authorization. This is best described as:
a.Coordination
b.A permitted private transaction
c.Registration by qualification
d.Selling away, a prohibited practice
Giải thích
Selling away is when an agent effects private securities transactions outside the employing broker-dealer's supervision and records without authorization. It is prohibited because it evades supervision and firm oversight. Agents must have firm approval and, where required, recordkeeping.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment adviser exercises discretion in a client account. Under the Uniform Securities Act, this generally requires:
- NASAA's model rule on unethical business practices of investment advisers would consider which of the following a violation?
- Which threshold generally determines whether a mid-sized adviser registers with the SEC rather than the states?
- The definition of 'sale' or 'offer to sell' under the Uniform Securities Act generally includes:
- An Administrator's authority to conduct investigations and subpoena witnesses generally extends to conduct that:
- A broker-dealer wishes to withdraw its registration. Under the Uniform Securities Act, withdrawal generally becomes effective:
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