Securities Registration第 49 / 100 题
A seller relies on a valid exempt transaction and therefore does not register the securities. Which statement is correct?
a.The antifraud provisions of the act still apply to the offer and the sale
b.The antifraud provisions do not apply because the transaction is exempt
c.The Administrator has no jurisdiction over the sale
d.The seller may make optimistic projections without qualification
解析
An exemption relieves the parties of the registration requirement only; it never suspends the antifraud provisions, which reach any offer or sale of any security. The Administrator therefore retains full jurisdiction to investigate misstatements in an exempt offering. Unfounded projections presented as fact would be actionable regardless of the exemption.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
同考点相关题目
- A church issues bonds to finance construction of a new fellowship hall and sells them to members of the congregation. Under the Uniform Securities Act, these bonds are:
- Which of the following is an exempt transaction under the Uniform Securities Act?
- In an administrative proceeding, a party claims that an offering qualified for an exemption from registration. Which statement is correct?
- Which statement about a state securities registration statement is correct?
- A small issuer registers a stock offering by qualification. The Administrator is concerned that the business plan cannot be carried out unless a substantial portion of the offering is sold. The Administrator may:
- After a securities registration statement becomes effective in a state, the Administrator may require the person who filed it to: