Laws & RegulationsCâu 39 / 100
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:
a.Still apply, because antifraud provisions apply to exempt and non-exempt securities alike
b.Do not apply because the security is exempt
c.Apply only if the client is a resident
d.Apply only to federal covered securities
Giải thích
The antifraud provisions of the Act apply to all securities transactions, including those involving exempt securities and exempt transactions. Exemption from registration never exempts a person from the duty not to commit fraud. This is a frequently tested distinction.
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:
- Which of the following persons is EXCLUDED from the definition of 'broker-dealer' under the Uniform Securities Act?
- Under NASAA model recordkeeping rules, a state-registered investment adviser must generally preserve required books and records for a minimum of:
- An IAR wishes to advertise using a client testimonial. Historically under NASAA and adviser rules, the treatment of testimonials has been:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NASAA Series 66 Uniform Combined State Law Exam · Quy trình kiểm tra