FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 4: Uniform Securities Act USA and State Registration Requirements

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 71

Multiple Choice

Review LaterAdd Note

Review Later

MoeMoney Investment Advisers, LLC is registered in the state of Texas, and its three offices are all located in the greater Dallas-Fort Worth area. Five of its clients-all individuals-have relocated to Colorado and all have indicated a desire to retain the services of MoeMoney. In order for this to be possible,

A) MoeMoney will need to apply for and be granted registration as an investment adviser in the state of Colorado.
B) each client will have to write a letter to the Administrator of the state of Colorado on MoeMoney's behalf.
C) MoeMoney will need to apply for and be granted registration as an investment adviser representative in the state of Colorado.
D) Neither MoeMoney nor its clients need do anything.

Correct Answer

verified

Show Answer

Question 72

Multiple Choice

Review LaterAdd Note

Review Later

Jack Bean is employed by Giant Investment Advisers, LLC. His job duties include advising clients on the asset allocations of their portfolios. Jack Bean is

A) an investment adviser representative.
B) an investment adviser.
C) an administrative assistant.
D) an agent.

Correct Answer

verified

Show Answer

Question 73

Multiple Choice

Review LaterAdd Note

Which of the following laws deals with identity theft protection?

The Turnover Corporation, a firm with 25,000 employees, has recently hired 50 new employees, many of whom have been hired to replace middle-level managers who have retired. Turnover has omitted this fact from its prospectus. Turnover is guilty of

A margin transaction refers to a transaction

In order to maintain its registration with a state, a broker-dealer may be required to I. take a written or oral exam. II. pay an annual filing fee. III. maintain a minimum net capital. IV. file all advertising material with the Administrator.

Broker-dealer Nebulous opted to withdraw its registration with the state. Six months later, the Administrator finds that Nebulous had been engaged in fraudulent securities transactions. Which of the following statements is true?

Which of the following is not considered to be a person, as defined by the Uniform Securities Act?

Treadwater Bank and Trust is selling a portfolio of municipal bonds it owns to the SafeRisk Insurance Corporation. Under the Uniform Securities Act (USA) , in this transaction Treadwater is defined as a

The trade confirmation must be received by the customer no later than

Which of the following orders can an Administrator issue without providing prior notice?

Once a broker-dealer has applied for and been granted state registration, the registration remains valid

Which of the following securities would not necessarily be exempt from state registration?

Which of the following is not a prohibited practice for broker-dealers under the NASAA Model Rules?

Which of the following statements regarding the registration of broker-dealers and investment advisers is true?

A bond issue has recently been registered with the state Administrator. Which of the following statements are true?

Which of the following would not appear on an order ticket?

A broker-dealer is required to keep his records for how long?

Which of the following is not a security, as defined by the Uniform Securities Act? I. an option contract II. a futures contract on gold III. a 401K plan IV. a variable annuity

Which of the following statements regarding an open-end investment company is not true?