Which of the following is a non-exempt security under Uniform State Law? Corporate bonds offered to 5 or fewer investors would qualify as an exempt transaction; not as an exempt security.
Which of the following transactions is not exempt under the Uniform Securities Act?
Under the Uniform Securities Act, which of the following would NOT be considered an exempt transaction? Even though the bonds are an exempt security, the sale to an individual client is not an exempt transaction. Sales to institutions, sales by fiduciaries, or unsolicited transactions are all exempt.
What is a non exempt security?
A non-exempt security is one that does not have an exemption based solely upon what it is. Most securities, including the vast majority of stocks, are non-exempt. These are the exempt transactions covered in the Uniform Securities Act (USA: Private placements. Isolated non-issuer transactions.
Which of the following is an exempt security under the Uniform Securities Act?
Terms in this set (8) Which of the following securities are EXEMPT under the Uniform Securities Act? D; The Uniform Securities Act exempts Industrial Loan Association issues; Insurance Company issues; Federal Credit Union issues; and Bank and Savings and Loan issues (among others).
Which of the following securities are exempt under the Uniform Securities Act quizlet?
Which of the following securities is/are EXEMPT under the Uniform Securities Act? Exempt securities under the Act include securities issued by Savings and Loans; municipal bonds, including industrial revenue bonds; and the securities of companies listed on stock exchanges (a “blue chip” exemption).
What are non-exempt transactions?
Non-Exempt Prohibited Transaction means: any transaction that would be prohibited under Section 406 of ERISA, or Section 4975 of the Code, for which no statutory, regulatory or administrative exemption is available.
Which of the following is exempt from state registration?
The Uniform Securities Act (USA) explicitly names the following as securities exempt from state registration: US government securities. Canadian government securities. National foreign government securities.
What are examples of exempt securities?
Exempt Security – Common types of exempt securities are government securities, bank securities, high-quality debt instruments, non-profit securities, and insurance contracts.
Which of the following issues is not exempt under the 1933 Act?
Which of the following securities is NOT exempt from the Securities Act of 1933? The best answer is A. Industrial companies are not exempt from the Securities Act of 1933. Common carriers, small business investment companies, and benevolent associations are all exempt.
Which of the following are not exempt from the sections of the Uniform Securities Act which require registration?
Under the Uniform Securities Act, equity options that are not listed or tied to a listed security would not be exempt from registration and filing of advertising materials.
Which of the following entities are considered exempt issuers under the Uniform Securities Act?
All government and municipal securities are exempt from registration requirements under the Uniform Securities Act as are insurance company securities if the company is authorized to do business in this state.
What type of securities offering is not exempted from registration with the SEC quizlet?
Corporate bonds are non-exempt securities that must be registered with the SEC under the Securities Act of 1933.
Which of the following is an exempt issue quizlet?
Which of the following is an exempt issue? The best answer is A. Fixed annuity contracts are considered to be an insurance product, since the insurance company bears the investment risk, and are exempt from SEC registration.
Which of the following securities are typically exempt from state registration requirements?
Which of the following securities are typically exempt from state registration requirements? The best answer is C. State registration is not required for those securities that are exempt under the Federal Securities Acts, such as U.S. Government and Municipal debt.
Which of the following offerings is most likely exempt from the registration requirements of the Securities Act of 1933?
Municipal bonds are exempt from registration under the Securities Act of 1933.
Which of the following is not subject to the registration requirements of the Securities Act of 1933?
Foreign Currency Contracts; Foreign currency contracts are not securities, and hence are not subject to the 1933 Act (though foreign currency option contracts traded on the Philadelphia Stock Exchange are subject to the Act).
Which of the following is not true about SEC actions under the Securities Exchange Act of 1934?
Which of the following is NOT true about SEC actions under the Securities Exchange Act of 1934? The SEC may not require defendants to disgorge illegally gained profits.
Which of the following is not exempt from the definition of an investment advisor?
Which of the following are not specifically excluded from the definition of an investment adviser under the Uniform Securities Act? Clerical and ministerial personnel, full-time or temporary, are not included in the definition of either investment adviser representatives (supervised persons) or investment advisers.
Which of the following individuals is defined as an agent under the Uniform Securities Act?
To be defined as an agent under the uniform securities act and individual must take or solicit orders from the public. Individuals who do not solicit to the public and who solely perform clerical or managerial duties, do not fall under the definition.
Which of the following choices is considered an offer or an offer to sell securities under the Uniform Securities Act?
Which of the following choices would be considered an offer or offer to sell under the Uniform Securities Act? Choice (b) describes an offering of stock rights, which is defined as an offer or offer to sell under the USA.
Which of the following is required for a Preorganization subscription to be an exempt transaction?
The sale of preorganization certificates is exempt if there is no commission for solicitation or payment by subscribers and no more than 10 subscribers; there is no limit to the number of offers that may be made.
Which of the following securities are required to be registered under the Securities Act of 1933 quizlet?
The Securities Act of 1933 requires the registration of all new nonexempt issues of securities sold to the public. In general, exempt issues include municipal securities, U.S. government securities, bank issues, and nonprofit organization securities.
Which of the following transactions would be exempt from the advertising and sales literature filing requirements of the Uniform Securities Act?
Which of the following transactions would be exempt from the advertising and sales literature filing requirements of the Uniform Securities Act? purchasers. No payment is made on preorganization certificates so there can’t be any compensation.
Which of the following is a government entity that does not issue agency securities traded in the secondary market?
Which of the following is a government entity that does NOT issue agency securities traded in the secondary market? Federal Reserve Banks do not issue securities.
What are the 5 exempt securities?
Certain types of securities and certain transactions are deemed by the SEC to be exempt from registration requirements. Exempt Security – Common types of exempt securities are government securities, bank securities, high-quality debt instruments, non-profit securities, and insurance contracts.
Which of the following are non-exempt securities under the Securities Act of 1933?
Government bonds, municipal bonds, and Small Business Investment Company issues are all exempt securities under the 1933 Act. Corporate bonds are non-exempt securities that must be registered with the SEC under the Securities Act of 1933.
What is an exempt security?
Exempt securities, under Section 4 of the Securities Act of 1933, are financial instruments that carry government backing and typically have a government or tax-exempt status.
Is commercial paper an exempt security?
Commercial Paper is a short-term unsecured promissory note to repay a fixed amount on a certain future date. The product is exempt from SEC registration according to one of the following sections of the Securities Act of 1933: 3(a)(3), 4(2), and 3(a)2.
In which of the following types of offerings does a brokerage firm have no financial obligation for unsold securities?
In a best efforts underwriting, the underwriter serves as an agent with no financial obligation for unsold securities. In an all-or-none (AON) offering, the underwriter agrees to devote its best efforts to sell the issue, but the entire offering is canceled if all shares cannot be sold.
What are exempt offerings?
In securities, an exempt offering is an offering for which the issuer does not need to file a registration statement. See private placement.
Which of the following securities are typically exempt from state registration requirements?
Which of the following securities are typically exempt from state registration requirements? The best answer is C. State registration is not required for those securities that are exempt under the Federal Securities Acts, such as U.S. Government and Municipal debt.
Which of the following offerings is most likely exempt from the registration requirements of the Securities Act of 1933?
Municipal bonds are exempt from registration under the Securities Act of 1933.
Which of the following issuers must register securities with the SEC under the 1934 Act?
Which of the following issuers must report to the SEC under the Securities Exchange Act of 1934? The best answer is A. Only corporations and investment companies (which are either corporations or trusts) file annual and semi-annual reports with the SEC.
What is a non exempt transaction?
Non-Exempt Prohibited Transaction means: any transaction that would be prohibited under Section 406 of ERISA, or Section 4975 of the Code, for which no statutory, regulatory or administrative exemption is available.
Which of the following securities is exempt under Uniform Securities Act quizlet?
Municipal bonds are not subject to registration requirements since they are categorized as exempt securities under the Uniform Securities Act.
Which of the following is included in the definition of a broker dealer under the Uniform Securities Act?
Under the Uniform Securities Act, which of the following would be included in the definition of a broker-dealer? A firm, who for compensation, directly engages in the business of advising others as to the value of securities.