Which of the following would not be considered a sale under the Uniform Securities Act?
The exchange of securities in a merger is not considered a sale under the act. … It is a violation of the Uniform Securities Act to file a fraudulent or misleading application for registration as a securities industry professional (agent, broker-dealer, or investment adviser).
Which of the following would be considered an offer or solicitation when it comes to the sale of securities?
Which of the following would be considered an “offer” or “solicitation” when it comes to the sale of securities? Advertisements would be considered solicitations and/or offers to sell the securities in question.
Which of the following transactions would not be exempt under the Uniform Securities Act?
Under the Uniform Securities Act, which of the following would NOT be considered an exempt transaction? … Sales to institutions, sales by fiduciaries, or unsolicited transactions are all exempt. An agent is registered in State X but not in State Y.
Which of the following persons would be considered an agent according to the Uniform Securities Act?
It also includes trusts and estates. Under the Uniform Securities Act, agent means any individual (other than a broker-dealer) who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales of securities.
Which of the following would be included in the Uniform Securities Act definition of sale?
Under the Uniform Securities Act, a sale includes every contract of sale, contract to sell, or disposition of a security for value.
Which transaction is included in the definition of an offer to sell?
Which transaction is included in the definition of “sale” under the Uniform Securities Act? define offer to sale: the unexecuted contract to sell a security for value – that is, the attempt to sell a security. Also included in the definition is a solicitation of an offer to buy the security.
Which of the following constitutes an offer?
Offers at common law required three elements: communication, commitment and definite terms. Communicated. The person making the offer (the offeror) must communicate his offer to a person who may then choose to accept or reject the offer (the offeree).
Who is required to register with the SEC?
While there are some exceptions, in general, investment advisors with $100 million or greater in regulatory assets under management (AUM) must register with the SEC as Registered Investment Adviser (RIA).
Who can legally give investment advice?
Financial planners, bankers, and brokers can often provide investment advice for short- and long-term financial goals. Always ask for a financial advisor’s qualifications before making any suggested investments.
Which of the following is an example of exempt securities?
Transactions by executors and estate administrators are examples of exempt transactions. Municipal and government bonds are exempt securities and whether or not they are exempt transactions depends on to whom or how they are sold (that information is not given in this question).
Which of the following is a security exempt from the registration requirements?
Under the Uniform Securities Act, all of the following are exempt from registration EXCEPT: A) common stock only sold intrastate. … Common stock, not listed on any regulated exchange, purchased by an open-end investment company. Preferred stock issued by an insurance company authorized to do business in this state.
Which of the following is are exempt from the registration requirements of the Uniform Securities Act?
An exemption from registration under the USA is available to an investment advisor who has no place of business in a state and limits its clientele to other investment advisers, broker-dealers, and financial institutions, such as banks, insurance companies, trust companies, and investment companies or limits the number …