Which of the following securities are exempt under uniform state law?
Securities issued by insurance companies, and Canadian municipal securities are exempt from registration under the USA. Any security that represents an interest in, or debt of, or is guaranteed by an insurance company organized under the laws of any state and authorized to business in this state is exempt.
Which of the following are defined as a security under the Uniform Securities Act?
Which of the following are defined as securities under the Uniform Securities Act? C; Pre-organization certificates (such as limited partnership subscription agreements); warehouse receipts; and collateralized mortgage obligations all fall under the definition of a security. Variable annuities can be securities.
Which of the following transactions would not be exempt under the Uniform Securities Act?
Under the Uniform Securities Act, which of the following would NOT be considered an exempt transaction? … Sales to institutions, sales by fiduciaries, or unsolicited transactions are all exempt. An agent is registered in State X but not in State Y.
Which of the following is are exempt from the registration requirements of the Uniform Securities Act?
An exemption from registration under the USA is available to an investment advisor who has no place of business in a state and limits its clientele to other investment advisers, broker-dealers, and financial institutions, such as banks, insurance companies, trust companies, and investment companies or limits the number …
What are exempt transactions?
An exempt transaction is a type of securities transaction where a business does not need to file registrations with any regulatory bodies, provided the number of securities involved is relatively minor compared to the scope of the issuer’s operations and that no new securities are being issued.
Which of the following securities are exempt from registration?
Under the Uniform Securities Act, all of the following are exempt from registration EXCEPT: A) common stock only sold intrastate. … Common stock, not listed on any regulated exchange, purchased by an open-end investment company. Preferred stock issued by an insurance company authorized to do business in this state.
Who does the Uniform Securities Act apply to?
The Uniform Securities Act is a model law created as a starting point for state-level securities regulation. The purpose of the Uniform Securities Act is to deal with securities fraud at the state level and to assist the Securities and Exchange Commission (SEC) in enforcement and regulation.
When a security is registered with the administrator It means that?
The Administrator, in registering a security, declares that the security is legal for sale in the state. Never use the word approved when referring to registration of a security or a securities professional.
What is registration by coordination?
Registration by coordination applies to larger, national or regional interstate securities offerings that are required to register at both the federal and state levels.
Which of the following transactions are exempt from SEC securities registration requirements?
Sales by a fiduciary (such as an executor of an estate) are exempt from the registration provisions. Sales to financial institutions (such as a bank) are also exempt under the act. Unsolicited trades in securities traded in the secondary markets are exempt from state registration and advertising filing requirements.
Which of the following instruments is not considered to be a security?
Under the USA, commodities futures contracts are not considered to be securities. The presumption is the instrument that underlies the futures contract is a commodity rather than a security.
Which of the following is not considered an offer or a sale according to the Uniform Securities Act?
Under the Uniform Securities Act, an offer and sale does NOT exist if it is: the result of a class vote by stockholders regarding a merger or consolidation. a bona fide pledge or loan. an act incident to a judicially approved reorganization in which a security is issued in exchange for one or more outstanding shares.