STC Series 66 Exam 03A
A corporation is planning an offering of common stock and has filed its registration
statement with the SEC. At this time, which of the following actions taken by a
registered representative would NOT be a violation of the Securities Act of 1933? -
CORRECT ANSWER-Attempting to obtain indications of interest from customers
concerning the offering
Which of the following customer accounts would be funded with pretax dollars? -
CORRECT ANSWER-Section 457 Plan
What powers does the USA provide the Administrator during an investigation of a
violation? - CORRECT ANSWER--Subpoena records located outside the state
-Subpoena witness located outside the state and compel their testimony
-Refer violations to the Attorney General to initiate criminal prosecutions
The balance sheet equation is: - CORRECT ANSWER-Assets - Liabilities = Net Worth
Under the USA, what is the statute of limitations on taking action to recover damages on
transactions made in violation of a state registration provision? - CORRECT ANSWER-
Within 3 years of occurrence or 2 years of discovery, whichever comes first
When trading equity securities, the term dark pool is BEST defined as trading: -
CORRECT ANSWER-Between large investors, thereby allowing them to buy and sell
securities anonymously without quotes being displayed
In which situation would the Administrator from State A have jurisdiction over an offer? -
CORRECT ANSWER-If the offer originated in State A and is being broadcast on a radio
or television program in State A
Which of the following persons is an example of a fiduciary? - CORRECT ANSWER--A
trustee
Erica has just received a subpoena requiring her to testify at a hearing regarding the
advisory firm for which she works. Erica's supervisory tells her that if she testifies and
tattles on the firm, she may as well look for other employment. What should Erica do? -
CORRECT ANSWER-Comply with the subpoena and testify
An agent receives an unsolicited order from a customer who wants to purchase a large
amount of a speculative stock. Although the client has the financial resources to bear
the risks of the investment, the agent does not think the purchase fits the client's
investment objectives. Which of the following steps is inappropriate? - CORRECT
ANSWER-Ignoring the customer's order since the agent feels the security is unsuitable
A corporation is planning an offering of common stock and has filed its registration
statement with the SEC. At this time, which of the following actions taken by a
registered representative would NOT be a violation of the Securities Act of 1933? -
CORRECT ANSWER-Attempting to obtain indications of interest from customers
concerning the offering
Which of the following customer accounts would be funded with pretax dollars? -
CORRECT ANSWER-Section 457 Plan
What powers does the USA provide the Administrator during an investigation of a
violation? - CORRECT ANSWER--Subpoena records located outside the state
-Subpoena witness located outside the state and compel their testimony
-Refer violations to the Attorney General to initiate criminal prosecutions
The balance sheet equation is: - CORRECT ANSWER-Assets - Liabilities = Net Worth
Under the USA, what is the statute of limitations on taking action to recover damages on
transactions made in violation of a state registration provision? - CORRECT ANSWER-
Within 3 years of occurrence or 2 years of discovery, whichever comes first
When trading equity securities, the term dark pool is BEST defined as trading: -
CORRECT ANSWER-Between large investors, thereby allowing them to buy and sell
securities anonymously without quotes being displayed
In which situation would the Administrator from State A have jurisdiction over an offer? -
CORRECT ANSWER-If the offer originated in State A and is being broadcast on a radio
or television program in State A
Which of the following persons is an example of a fiduciary? - CORRECT ANSWER--A
trustee
Erica has just received a subpoena requiring her to testify at a hearing regarding the
advisory firm for which she works. Erica's supervisory tells her that if she testifies and
tattles on the firm, she may as well look for other employment. What should Erica do? -
CORRECT ANSWER-Comply with the subpoena and testify
An agent receives an unsolicited order from a customer who wants to purchase a large
amount of a speculative stock. Although the client has the financial resources to bear
the risks of the investment, the agent does not think the purchase fits the client's
investment objectives. Which of the following steps is inappropriate? - CORRECT
ANSWER-Ignoring the customer's order since the agent feels the security is unsuitable
