Laws & RegulationsCâu 9 / 100
Which of the following is an exempt TRANSACTION under the Uniform Securities Act?
a.A public offering of common stock through registration by qualification
b.An isolated non-issuer transaction not effected through a broker-dealer
c.A solicited retail sale of a mutual fund
d.A general solicitation to 100 retail investors
Giải thích
An isolated non-issuer transaction is a classic exempt transaction because it is a one-off sale not part of a regular business. Exempt transactions depend on the manner of sale rather than the security's identity. Public retail offerings and general solicitations do not qualify.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- An agent tells a customer, 'This stock is guaranteed to go up because the state Administrator approved the registration.' This statement is:
- 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:
- A broker-dealer with no place of business in a state deals exclusively with which type of client and may qualify for an exemption from registration in that state?
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