Laws & Regulations第 39 / 100 题
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
解析
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.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
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