Laws & Regulations第 3 / 100 题
Which of the following is considered an exempt SECURITY under the Uniform Securities Act?
a.A general obligation bond issued by a municipality
b.A private placement sold to 40 non-institutional buyers
c.An unsolicited transaction by an existing customer
d.A sale to an insurance company
解析
A municipal general obligation bond is an exempt security because of the nature of the issuer. The other choices describe exempt TRANSACTIONS, which relate to how or to whom a security is sold rather than the security itself. Distinguishing exempt securities from exempt transactions is a core Series 66 concept.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
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