Which of the following persons is not excluded from the definition of a broker dealer under the Uniform Securities Act?

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Also, a person with no place of business in a state, and who deals only with institutional investors, is not a broker-dealer. Which of the following persons is NOT excluded from the definition of a broker-dealer under the Uniform Securities Act? – A bank.

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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 a broker-dealer selling exempt securities to the public ii an individual who represents a broker-dealer selling securities listed on a national stock exchange III an individual who represents an issuer?

An individual is excluded from the definition of an agent of an issuer only if that person effects transactions with existing employees or officers of the issuer and no commissions are paid; or that individual represents an issuer in either selling exempt securities or exempt transactions; or that individual only …

Which of the following choices does not meet the definition of a security under the Uniform Securities Act?

Life insurance generally does not meet the definition of a security. … The other two choices listed are defined as securities under the Act.

Which of the following actions by an agent of a broker-dealer is prohibited?

An agent would be prohibited from engaging in all of the business practices except selling a security short on one exchange and buying it back on another for the purpose of making a profit. This is a trading strategy known as arbitrage and is legal.

Which of the following are excluded from the definition of a broker-dealer?

Firms that trade exclusively with Professional Investors with No place of business in the state are excluded (from the term broker-dealer)

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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 .

Can an agent be employed by more than one broker-dealer?

Individuals may be registered with more than one firm if the firms are affiliated with one another.

Which of the following must notify the administrator if an agent of a broker-dealer is terminated?

Which of the following MUST notify the Administrator if an agent of a broker-dealer is terminated? C; Under the Uniform Securities Act, when an agent associates with a broker-dealer; or terminates those activities that make him an agent; both the agent and the broker-dealer must notify the State Administrator promptly.

Which of the following are regulated under the Securities Exchange Act of 1934?

Under the Securities Exchange Act of 1934, the SEC is concerned with the regulation of exchanges, registration of broker/dealers, inequitable and unfair trade practices, and regulation of OTC markets.

What is not considered a security?

A non-security is an alternative investment that is not traded on a public exchange as stocks and bonds are. Assets such as art, rare coins, life insurance, gold, and diamonds all are non-securities. … Non-securities also are known as real assets.

Which of the following are defined as persons under the Uniform Securities Act?

“Persons,” as defined under the Uniform Securities Act, include Joint Ventures, Individuals, Unincorporated Businesses, and Municipalities.

Which of the following is not defined as an IAR?

Terms in this set (41) Which of the following is NOT defined as an IAR? A person who manages portfolios could be an individual or a business. However, if the person is a business (firm), it’s considered an investment adviser, not an investment adviser representative (IAR).

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What is the appropriate procedure to follow when an advisory client delivers a stock certificate to the office of a broker-dealer?

What is the appropriate procedure to follow when an advisory client delivers a stock certificate to the office of a broker-dealer? Accept the certificate and send the customer a receipt within 24 hours of the delivery.

Which of the following is not required to disclosed in an investment advisory contract under the Uniform Securities Act?

Which of the following is NOT required to be disclosed in an investment advisory contract under the Uniform Securities Act? The Uniform Securities Act does not require an investment advisory contract to disclose the IA’s past performance.

Which statement is true about the participation of an agent of a broker-dealer in an Internet chat room about investing?

Which statement is TRUE about the participation of an agent of a broker-dealer in an Internet Chat room about investing? BD agents and IA agents are not prohibited from participating in Internet Chat rooms as long as they limit their communications to “general” statements about investing.