Laws & RegulationsCâu 8 / 100
An agent tells a customer, 'This stock is guaranteed to go up because the state Administrator approved the registration.' This statement is:
a.Accurate, because registration signifies approval
b.Permissible if made only to accredited investors
c.A lawful description of registration by qualification
d.A prohibited misrepresentation of the effect of registration
Giải thích
Registration with the Administrator never means the state approved the merits or guaranteed the security. Implying that registration ensures profit is a material misrepresentation and a prohibited practice. Agents must not misstate the effect of 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
- 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:
- Which of the following is an exempt TRANSACTION under the Uniform Securities Act?
- The state Administrator may deny, suspend, or revoke the registration of an agent if the agent:
- Under NASAA model rules on custody, an investment adviser that has custody of client funds or securities generally must:
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