Which individual is defined as an agent under the Uniform Securities Act?

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Which of the following individuals is defined as an agent under the Uniform Securities Act?

-Agents: individuals who represent the broker-dealer when performing securities transactions (sales Reps) -Banks, Savings Institutions, and Trust Companies: these are separately regulated under the Federal and State banking laws.

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Which person is excluded from the definition of a broker-dealer under the Uniform Securities Act?

(no legal authority to trade securities) Under the Uniform Securities Act, all of the following are defined as “persons” EXCEPT: General partner in a limited partnership. Public utility selling to public investors. administrator of the State.

Which of the following individuals is excluded from the definition of an agent under the Uniform Securities Act I an individual who represents an issuer in the sale of 1 year Commercial Paper II an individual who represents an issuer in the sale of Canadian government debt III an individual who represents an issuer in a transaction with an underwriter IV?

The Act exempts those individuals representing issuers who do not deal with the public from licensing as an agent. Individuals representing issuers who deal solely with underwriters or financial institutions are not defined as agents.

Which of the following are not included in the definition of an agent in the Uniform Securities Act?

An administrative person, such as the assistant to the president of a broker-dealer, is considered an agent if that individual takes securities orders from the public. Corporate entities, broker-dealers, and issuers are all excluded from the definition of an agent.

Which of the following persons is required to register as an investment advisor under the Uniform Securities Act?

The best answer is C. Advisers with $100,000,000 or more of assets under management must register with the SEC as “Federal Covered Advisers” and cannot be required to be registered in each State (though each State can require a notice filing). The SEC then issued some interpretations regarding this requirement.

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Which of the following is the most appropriate investment for an estate account?

Which of the following is the MOST appropriate investment for an estate account? The objective of an estate account is to preserve principal and to effect a timely distribution of estate assets. The best investment of the choices offered is Treasury Bills – they are liquid and have little market risk.

Which of the following is an exempt security under the Uniform Securities Act?

Securities issued by insurance companies, and Canadian municipal securities are exempt from registration under the USA. Any security that represents an interest in, or debt of, or is guaranteed by an insurance company organized under the laws of any state and authorized to business in this state is exempt.

Which of the following is a non exempt security under uniform state law?

Which of the following is NOT defined as a security under the Uniform Securities Act? … Corporate bonds are not exempt under the Uniform Securities Act and thus must be registered in the State. U.S. Government bonds; U.S. Government agency bonds; and municipal bonds; are exempt securities.

Which order is not required to be retained as a record by a broker-dealer?

Which order is NOT required to be retained as a record by a broker-dealer? Subscription order pursuant to a rights offerings .

Who is responsible for filing a U 5 form with IARD when an investment adviser representative is terminated and associates with another advisory firm?

Who is responsible for filing a U-5 Form with IARD when an investment adviser representative is terminated and associates with another advisory firm? The U-5 is a securities industry termination form that is filed by the former employer, terminating that individual’s registration.

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Which of the following is defined as sales literature?

Which of the following is defined as sales literature? … Password protected websites are seen by a specific audience, so they are defined as sales literature.

Who can make a loan to a registered investment adviser?

Who can make a loan to a Registered Investment Adviser? An investment adviser registered with the SEC under the Investment Advisers Act of 1940 changes from an S Corporation to a C Corporation.

Which of these would not be fully covered by SIPC insurance?

Terms in this set (14) Which of these would not be fully covered by SIPC insurance? C, Gold is not a security and is not covered by SIPC. Money markets, ETFs, mutual funds, and junk bonds are all types of securities.

What does the Securities Exchange Act of 1934 regulate?

The Securities Exchange Act of 1934 (SEA) was created to govern securities transactions on the secondary market, after issue, ensuring greater financial transparency and accuracy and less fraud or manipulation. … It also monitors the financial reports that publicly traded companies are required to disclose.

Which of the following are individuals or companies that engage in the business of buying and selling marketable securities for its own account and the accounts of others?

Section 3(a)(5)(A) of the Act generally defines a “dealer” as: any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise.