Laws & RegulationsCâu 37 / 100
Which of the following persons is EXCLUDED from the definition of 'broker-dealer' under the Uniform Securities Act?
a.A firm soliciting retail securities orders in the state
b.A dealer with a branch office in the state
c.An agent, issuer, or bank acting within the statutory exclusions
d.A firm making a market in over-the-counter stocks for state residents
Giải thích
The definition of broker-dealer excludes agents, issuers, and banks, savings institutions, and trust companies. These persons are regulated under other provisions or excluded by policy. Firms soliciting or making markets for state residents generally are broker-dealers requiring registration.
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 adviser engages in an agency cross transaction, arranging a trade between two of its advisory clients. To do this properly, the adviser generally must:
- Under the Uniform Securities Act, the least intrusive method of state registration for a well-established issuer with a strong track record filing a federal statement is:
- An agent recommends a security to a client without any reasonable basis to believe it is suitable, simply to meet a sales quota. This conduct:
- Under NASAA model recordkeeping rules, a state-registered investment adviser must generally preserve required books and records for a minimum of:
- An agent commits fraud in connection with the sale of a security that is itself exempt from registration. Under the Uniform Securities Act, the antifraud provisions:
- An IAR wishes to advertise using a client testimonial. Historically under NASAA and adviser rules, the treatment of testimonials has been:
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