STC SERIES 66 EXAM 01B QUESTIONS AND
ANSWERS GRADED A+ 100% VERIFIED.
Which of the following statements is TRUE according to the USA? - CORRECT
ANSWER - The administrator may require a surety bond for advisors who have
custody of client funds or securities
Under the USA, which of the following choices would NOT be considered a
person? - CORRECT ANSWER - An adult found to be mentally incompetent
According to the USA, which of the following investments advisers would be
exempt from registration? - CORRECT ANSWER - An advisor with only five
retail clients
An officer of GTO company is selling his company's convertible debentures to the
public. In this capacity, the officer is: - CORRECT ANSWER - An agent of the
issuer
Under the USA, which of the following is exempt from registration as a broker-
dealer in State B? - CORRECT ANSWER - A BD whose only office is in State A,
but deals only with institutional clients in State B
Which of the following statements is/are TRUE of exempt securities under the
USA? - CORRECT ANSWER - If state rules regarding an exemption are more
restrictive than federal rules, then state ruled would govern
Which if the following terms is NOT specifically defined under the USA? -
CORRECT ANSWER - Registered representitive
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ANSWERS GRADED A+ 100% VERIFIED.
Which of the following statements is TRUE according to the USA? - CORRECT
ANSWER - The administrator may require a surety bond for advisors who have
custody of client funds or securities
Under the USA, which of the following choices would NOT be considered a
person? - CORRECT ANSWER - An adult found to be mentally incompetent
According to the USA, which of the following investments advisers would be
exempt from registration? - CORRECT ANSWER - An advisor with only five
retail clients
An officer of GTO company is selling his company's convertible debentures to the
public. In this capacity, the officer is: - CORRECT ANSWER - An agent of the
issuer
Under the USA, which of the following is exempt from registration as a broker-
dealer in State B? - CORRECT ANSWER - A BD whose only office is in State A,
but deals only with institutional clients in State B
Which of the following statements is/are TRUE of exempt securities under the
USA? - CORRECT ANSWER - If state rules regarding an exemption are more
restrictive than federal rules, then state ruled would govern
Which if the following terms is NOT specifically defined under the USA? -
CORRECT ANSWER - Registered representitive
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