STC Series 66 Exam Pack Correctly Answered Questions| UpToDate | Already Graded A+

Which of the following persons is an example of a fiduciary? ☑: -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 lo...

Under the Uniform Securities Act, which of the following securities is/are exempt? ☑: Bonds issued by a Canadian province Illinois General Obligation bond Insurance company common stock Securities issued by a non-for-profit educational association Under the Uniform Securities Act, which of t...

The separate account of the variable life policy that Tom Jones bought is performing poorly. Does this have any influence on his death benefit? ☑: Yes, but it could never drop below the fixed minimum A loss from a limited partnership's operations is passed through to a limited partner. On th...

Which of the following choices would be considered a person under the USA? A customer A broker-dealer An estate An issuer ☑: I, II, III, and IV Under the USA, a person is defined as a legal entity, which would include individuals (natural persons) and business entities such as corporations,...

Fred works for Lasker Securities and is holding an investment seminar in Connecticut. Fred has sent 100 invitations to people located in New York. Since his firm has no place of business in New York, he has the responses returned to his office in Connecticut. Which TWO of the following stateme...

Which of the following statements are TRUE concerning certain federal covered securities? 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 pro...

A client purchases an equity-indexed annuity contract that guarantees a 4% return or 80% of the performance of the S&P 500, whichever is greater. The index declines over the course of the next year. What return will your client receive? ☑: 4% An equity-indexed annuity guarantees the contract ...

According to the Securities Exchange Act of 1934, which of the following is NOT required to be included on the confirmation for a bond trade? ☑: Disclosure of the bond's rating Although a bond's rating is not required to be included on a confirmation, if the bond is unrated, this fact must ...