Hard STC Series 66 Correctly Answered Questions| UpToDate | Already Graded A+

Which of the following would most likely be registered with the state Administrator? A) A municipal revenue bond B) A mutual fund C) An NYSE-listed company's common stock D) A distribution of an interest in a mining or real estate venture ☑: D According to the Uniform Securities Act, which of the following statements is NOT TRUE concerning a private placement offering? A) The offer may not be made to more than 10 retail investors in the state during any 12-month period. EXCELLENCE 2 B) The offer may not be made to more than 35 retail investors in the state during any 12-month period. C) The offer may be made to an unlimited number of institutional investors during any 12-month period. D) Commissions may not be paid if the buyers are non-institutional investors. ☑: B Under the Uniform Securities Act, which of the following statements is/are TRUE regarding the registration of securities? I. A security is considered registered for one year from the effective date of its registration statement II. Once the registration statement is declared effective by the Administrator, the security is considered to be registered as long as the issuer files quarterly and annual financial statements III. If the registration statement for a security is declared effective by the Administrator of one state, it is also immediately effective in any state in which an identical registration statement has been filed EXCELLENCE 3 IV. The filing of a registration statement may be done by a person other than the issuer A) II only B) I and IV only C) I, III, and IV only D) II, III, and IV only ☑: B