Mastery Exam Review
Exempt securities must re-establish their exemption annually in order to be sold lawfully in the state. -
Answer-remember this
A material fact is deliberately omitted in a sales presentation because it was publicly known 4 years ago
= PROHIBITED - Answer-remember
A registration statement for new issues of securities under the USA is effective for more than one year
after its effective date: - Answer-if the issuer or broker/dealer offering the securities has an unsold
allotment
covering those instances where an investment adviser might act an as agent for both sides of a trade
involving his advisory clients. In order to perform in this manner, the USA - Answer-prohibits the IA
from making the recommendation to BOTH sides.
16. State securities Administrators can require: - Answer-agents to post a surety bond if they have
discretion over client funds and securities.
Exempt securities must re-establish their exemption annually in order to be sold lawfully in the state. -
Answer-remember this
A material fact is deliberately omitted in a sales presentation because it was publicly known 4 years ago
= PROHIBITED - Answer-remember
A registration statement for new issues of securities under the USA is effective for more than one year
after its effective date: - Answer-if the issuer or broker/dealer offering the securities has an unsold
allotment
covering those instances where an investment adviser might act an as agent for both sides of a trade
involving his advisory clients. In order to perform in this manner, the USA - Answer-prohibits the IA
from making the recommendation to BOTH sides.
16. State securities Administrators can require: - Answer-agents to post a surety bond if they have
discretion over client funds and securities.
