STC SERIES 66 COMPREHENSIVE TEST
SCRIPT 2026 FULL QUESTIONS AND
CORRECT ANSWERS GRADED A+
●● Under the Uniform Securities Act, which of the following statements
is TRUE concerning the registration of an investment advisor?
Answer: An investment advisor who does not maintain an office in a
state who has seven clients who are residents of that state is not exempt
from registration
●● Which of the following statements is TRUE regarding surety bonds?
Answer: The administrator may allow a deposit of cash or securities
●● A broker-dealer registered in Georgia sells a security listed on
Nasdaq. The transaction takes place in the secondary market between
two clients who are Georgia residents. According to the USA, which of
the following statements is TRUE?
Answer: The security is not required to be registered in Georgia
●● Under the Uniform Securities Act, an employee of a municipal issuer
selling securities to the public is considered:
Answer: Not an agent
, ●● A brokerage firm executes an existing customer's order by locating a
contra-party and charges the client a commission for executing the trade.
In what capacity was the firm acting?
Answer: Broker
●● Which of the following statements are TRUE concerning certain
federal covered securities?
Answer: -The Administrator may require the issuer to pay a filing fee
-The Administrator may bring enforcement action if fraud is involved
-The Administrator may require the issuer to file a consent to service of
process
●● Sharon is responsible for answering phone and filing paperwork for
Graceland Securities. Her title is Director of Human Resources. Under
the Uniform Securities Act:
Answer: Sharon is not considered an agent since she is not involved in
sales or trading
●● Under the Uniform Securities Act, which of the following items is a
security?
Answer: Stock issued by a foreign company, but listed on the NYSE
●● With reference to the Uniform Securities Act, when does an agent's
registration become effective?
SCRIPT 2026 FULL QUESTIONS AND
CORRECT ANSWERS GRADED A+
●● Under the Uniform Securities Act, which of the following statements
is TRUE concerning the registration of an investment advisor?
Answer: An investment advisor who does not maintain an office in a
state who has seven clients who are residents of that state is not exempt
from registration
●● Which of the following statements is TRUE regarding surety bonds?
Answer: The administrator may allow a deposit of cash or securities
●● A broker-dealer registered in Georgia sells a security listed on
Nasdaq. The transaction takes place in the secondary market between
two clients who are Georgia residents. According to the USA, which of
the following statements is TRUE?
Answer: The security is not required to be registered in Georgia
●● Under the Uniform Securities Act, an employee of a municipal issuer
selling securities to the public is considered:
Answer: Not an agent
, ●● A brokerage firm executes an existing customer's order by locating a
contra-party and charges the client a commission for executing the trade.
In what capacity was the firm acting?
Answer: Broker
●● Which of the following statements are TRUE concerning certain
federal covered securities?
Answer: -The Administrator may require the issuer to pay a filing fee
-The Administrator may bring enforcement action if fraud is involved
-The Administrator may require the issuer to file a consent to service of
process
●● Sharon is responsible for answering phone and filing paperwork for
Graceland Securities. Her title is Director of Human Resources. Under
the Uniform Securities Act:
Answer: Sharon is not considered an agent since she is not involved in
sales or trading
●● Under the Uniform Securities Act, which of the following items is a
security?
Answer: Stock issued by a foreign company, but listed on the NYSE
●● With reference to the Uniform Securities Act, when does an agent's
registration become effective?
