Which of the following persons must be registered as an agent under the Uniform Securities Act?

Which of the following must register as an agent under the Uniform Securities Act?

An employee of a BD who accepts solicited (or unsolicited) orders must register as an agent. An individual who represents an underwriter (one of the roles of a BD) in transactions between an issuer and the underwriter is an agent for the broker-dealer (it is the individual representing the issuer who is NOT).

Which of the following persons would be defined as an agent under the Uniform Securities Act?

Which of the following individuals would be defined as an agent under the Uniform Securities Act? The best answer is A. An “agent” is an individual (not a “person” as defined by the Uniform Securities Act) who represents a broker-dealer or issuer in effecting securities transactions.

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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.

Which of the following persons is excluded or exempt from registration as a broker-dealer in a state?

Specifically excluded from the definition of a broker-dealer are banks, trust companies, and savings and loan associations.

Which of the following are exempt securities under the Uniform Securities Act?

Section 4: Exempt Securities

  • Government securities.
  • Foreign government securities.
  • Bank or financial institution securities.
  • Securities issued by insurance companies.
  • Public utility and railroad securities.
  • Non-profit securities.
  • Employee benefit plans.

Which of the following are not included in the definition of an agent in the Uniform Securities Act?

Under the Uniform Securities Act, he or she is: not defined as an agent under the Uniform Securities Act. Any individual selling securities on behalf of an issuer of an exempt security (bank securities are exempt) is not an agent under the USA.

Who must register in a State as an investment adviser?

The SEC requires an investment adviser to register with the SEC if it has assets under management of at least $100 million or the investment adviser provides investment advice to an investment company registered under the Investment Company Act of 1940 (SEC Rule 203A-1).

What is a natural person employed as such as an agent by a dealer issuer or broker to buy and sell securities?

3.13. “Salesman” is a natural person, employed as such as an agent, by a dealer, issuer or broker to buy and sell securities.

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Which of the following can be required by the administrator to register as a broker-dealer?

The best answer is D. The posting of a surety bond can only be required by the Administrator for registration as a broker-dealer, investment adviser, or agent.

Which of the following persons is required to register with the SEC as a federal covered adviser?

Which of the following persons is required to register with the SEC as a federal covered adviser? Investment advisers that act as advisers to investment companies registered under the Investment Company Act of 1940, regardless of their size, are required to register with the SEC.

Which of the following must be a member of the Securities Investor Protection Corporation SIPC )?

Which of the following must be a member of the Securities Investor Protection Corporation (SIPC)? … Firms with such accounts are required to join, with the exception of dealers exclusively in government and municipal bonds, and those involved only with investment company securities.