Uniform securities act - Study guides, Class notes & Summaries

Green light 1 Exam Questions and Answers All Correct Blue Sky laws are established under which of the following? The Code of Procedure The Uniform Securities Act The Securities Act of 1933 The Securities Exchange Act of 1934 - Answer-The Uniform Securities Act Which of the following statements best defines the term duration? It is the period before a fixed - income security will be called It is the measure of volatility that compares an equity security to the S & P...

If an agent of a broker-dealer registers in State F in early November, when will their registration expire and need to be renewed? correct answers December 31st of that same year. State registration for all securities professionals expires on December 31st following the date of registration. Who is responsible for administering the Investment Advisers Act of 1940? correct answers The SEC is responsible for administering the IAA of 1940. Since the IAA of 1940 is federal law, it doesn't come u...

Which portfolio mix would you recommend to a client who is most concerned about projected near term volatility? correct answers Choose the portfolio with the lowest SD. A new customer has a $35,000 CD maturing in 2 weeks. With the objective of maximizing his income on capital invested, he wishes to invest the proceeds in a mutual fund. Which of the following types of funds should be recommended? correct answers An income fund. It is just what the name implies; it invests for income. Under ...

A primary issue is A. the first transaction between two parties in the over-the-counter market. B. a new offering of an issuer sold to investors C. a secondary market transaction in a security recently offered to the public. D. a sale between investors of securities traded on the New York Stock Exchange. correct answers A new offering of an issuer sold to investors A primary issue is a new offering of securities by an issuer sold to investors. Transactions between two investors in the o...

A customer suspects his investment advisory representative of fraudulent activity in his account. The customer decides to file a lawsuit related to the matter. In which of the following scenarios would the customer's case be permitted to move forward without the active participation of the customers? I. The customer is involved in an automobile accident which puts the customer into a coma. II. The customer travels to a foreign country where the customer has irregular access to communication...

Under the anti-fraud clause of the Uniform Securities Act, it is unlawful to: I. Employ any device, scheme, or artifice to defraud II. Make any untrue statement of fact III. Omit a material fact IV. Engage in any act, practice, or course of business that operates or would operate as a fraud or deceit upon any person A) II only B) I, II, and IV only C) I, II, III, and IV D) I, III, and IV only correct answers D) I, III, and IV only It is not fraudulent to make an untrue statement of an...

Green Light 1 Exam Questions and Answers An investor in California owns a 6%, 20-year corporate bond. The investor is in the 35% federal tax bracket and 10% state tax bracket. What is the investor's after-tax yield on this bond? a.9.2% b.6% c.3.9% d.3.3% - Answer-d.3.3% The interest on corporate bonds is taxed at both the federal and state level. To determine the investor's yield after paying taxes, multiply the coupon by 100% less the combined tax brackets. 6% x (100% - 45%) = 3.3%...

SIE Chapter 2 Latest Update Graded A+ Which government agency oversees the regulation of broker-dealers and aims to protect investors while ensuring fair and efficient trading in the primary markets? The Securities and Exchange Commission (SEC) What types of transactions fall under the SEC's jurisdiction? Transactions involving securities that occur across state lines What are Self-Regulatory Organizations (SROs), and give an example? Organizations like FINRA that oversee day-to-da...

Although state registration is not required for federal covered advisers, most states do require them to make a notice filing with the Administrator. This consists of : -copies of the registration forms sent to the SEC, -a consent to service of process form, -and a filing fee. correct answers NOT classified as broker-dealers: 1. Agents (registered representatives) 2. Issuers 3. Banks, savings institutions, and trust companies 4. Persons who have no place of business in the state and w...

A person applying for an initial registration as an agent might be asked to provide all of the following except A) citizenship information. B) employment history. C) a consent to service of process. D) fingerprints. D. Fingerprints Unlike FINRA, the USA does not require fingerprints for new registrants. Form U4 lists employment history and many other personal details. LO 2.g When a broker-dealer operates on the premises of a financial institution, certain disclosures must be ...