which of the following is true regarding uniform state regulation of securities? course hero

Which of the following is exempt from the Uniform Securities Act?

The Uniform Securities Act exempts Industrial Loan Association issues; Insurance Company issues; Federal Credit Union issues; and Bank and Savings and Loan issues (among others). Consider this to be a learning question.

When conducting an investigation pursuant to Uniform Securities Act regulations?

When conducting an investigation pursuant to Uniform Securities Act regulations, the Administrator of a state has authority to perform which of the following? I. The Administrator can subpoena any witnesses involved. II. The Administrator can obtain and collect evidence. III. The Administrator can administer oaths that are applicable.

Which transaction is included in the definition of sale under Uniform Securities?

Federal covered securities must be registered with the Securities and Exchange Commission, and cannot be required to register in the State. Which transaction is included in the definition of "sale" under the Uniform Securities Act? the unexecuted contract to sell a security for value - that is, the attempt to sell a security.

What happens if a broker-dealer violates the Uniform Securities Act?

D. When a violation of the Uniform Securities Act has taken place, the broker-dealer may be subject to criminal and civil penalties. The broker-dealer may also have their registration suspended or revoked.

How long does it take for a state to register securities?

Registration of securities in a State by Filing becomes effective: 5 business days after the filing with the State is completed. To qualify for registration by coordination under the Uniform Securities Act, the issuer's securities must be concurrently registered under the provisions of the: Securities Act of 1933.

How long is a securities registration good for?

Securities registrations are good for one year. they remain in effect for as long as the security is actively offered. If the offering takes longer than the 1 year period, the registration must be renewed. if a stop order is entered, the registration ceases to be effective and sale of the issue must stop.

What is federal covered security?

define Federal Covered Security. a security of an issuer listed on a major stock exchange and registered investment company securities. Federal covered securities must be registered with the Securities and Exchange Commission, and cannot be required to register in the State.

What is a broker dealer?

A broker-dealer has a place of business in State A does business exclusively in State A and is registered in the State. The broker-dealer has no office in State B and is contacted by a client in State B who wants to sell some securities that he inherited. State B does not have a de minimis rule for broker-dealers.

What is a IV security?

IV is a federal covered security, in which case no registration is required. I, II, III, IV. Under the Uniform Securities Act, registration of a security in a State means that: I disclosure documents have been filed with the Administrator. II the Administrator has reviewed the content and accuracy of the filing.

Can a security be offered in a state?

Under the Uniform Securities Act, a security cannot be offered in a state unless it: I has been registered in the state. II is an exempt security, in which case no registration is required. III is offered in an exempt transaction. IV is a federal covered security, in which case no registration is required.