HARD STC SERIES 66 QUESTIONS
EXAM WITH CORRECT QUESTIONS
AND ANSWERS 2025
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 - CORRECT-
ANSWERSD
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.
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. -
CORRECT-ANSWERSB
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
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 - CORRECT-ANSWERSB
, A mutual fund is planning to issue 10 million Class B shares. Five hundred thousand
shares will be offered in the state of Rhode Island. Under the Uniform Securities Act, the
Administrator of Rhode Island will require the fund to:
I. Register the shares in Rhode Island
II. Include a prospectus with its registration
III. Pay a filing fee
IV. Sign a Consent to Service of Process
A) I and II only
B) III and IV only
C) I, II, and III only
D) I, II, III, and IV - CORRECT-ANSWERSB
Registration of a security in a state is not required for ALL of the following reasons,
EXCEPT:
EXAM WITH CORRECT QUESTIONS
AND ANSWERS 2025
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 - CORRECT-
ANSWERSD
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.
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. -
CORRECT-ANSWERSB
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
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 - CORRECT-ANSWERSB
, A mutual fund is planning to issue 10 million Class B shares. Five hundred thousand
shares will be offered in the state of Rhode Island. Under the Uniform Securities Act, the
Administrator of Rhode Island will require the fund to:
I. Register the shares in Rhode Island
II. Include a prospectus with its registration
III. Pay a filing fee
IV. Sign a Consent to Service of Process
A) I and II only
B) III and IV only
C) I, II, and III only
D) I, II, III, and IV - CORRECT-ANSWERSB
Registration of a security in a state is not required for ALL of the following reasons,
EXCEPT:
