Series 63 Domain 6 (Quiz 1): Remedies and Administrative Provisions

An investor who resides in New York reads an ad for advisory services in a newspaper published in New Jersey. More than 80% of the newspaper's circulation is in the state of New York. According to the Uniform Securities Act, an offer has been made in

DMF Securities, a registered broker-dealer, is advertising securities through direct mail. Which of the following is considered an offer to sell securities in this state?

What is the difference between an offer and a sale?

Under the Uniform Securities Act, Administrators of all of the following states have jurisdiction except

An agent based in Alabama directs a solicitation to a customer who lives in Connecticut while the customer is temporarily in Indiana. The customer does not accept the offer until he arrives back in Connecticut. According to the Uniform Securities Act, the Administrators of which of the following states have jurisdiction?

An agent works in Buffalo, New York and is registered in New York and Ohio. If the agent contacts a retail client in Ohio recommending the purchase of an unregistered non-exempt security, jurisdiction over this violation of the Uniform Securities Act would lie with the Administrator(s) of

As defined in the Uniform Securities Act, which of the following is not an offer or a sale?

Which of the following involves an offer or sale?

According to the Uniform Securities Act, a sale is

Under the Uniform Securities Act, which of the following constitutes an offer of a security?

Under the Uniform Securities Act, a sale includes all of the following except

There is a stock that you believe is perfect for your customer's portfolio. However, the stock is not registered for sale in the customer's state of residence, nor is it exempt from registration. You suggest that the customer should enter an unsolicited order for the stock because you will be able to accept that. This is

Under the Uniform Securities Act, which of the following fits the definition of a sale?

As defined in the Uniform Securities Act, the terms sale or sell would include

As defined in the Uniform Securities Act, a sale or an offer to sell would not include

The Uniform Securities Act defined many terms. Among them is the term sale. Which of the following would be included in the definition of sale? I. An offer of common stock in a new issue properly registered or exempt from registration in the state II. A gift of assessable stock III. An investor exercising preemptive rights previously received directly from the issuer IV. An investor electing to forgo a cash dividend and receive the equivalent in stock instead

Which of the following would be included in the Uniform Securities Act's definition of a sale?

Under the Uniform Securities Act, which of the following is an offer or a sale?

An automobile dealer advertises that anyone purchasing a new car this month will receive a $1,000 U.S. Treasury bond as a bonus. Under the Uniform Securities Act, the dealer is

A customer living in one state receives a phone call from an agent in another state. A transaction between the two occurs in a third state. According to the Uniform Securities Act, under whose jurisdiction does the transaction fall?

In which of the following circumstances has John, an agent of AAA Securities Corporation, made an offer as defined in the Uniform Securities Act? I. John calls a long-standing client, Brenda, to indicate that a security on his firm's restricted list is suitable for her portfolio. John indicates that he cannot sell the securities unless Brenda requests them on an unsolicited basis. Brenda considers making the purchase but ultimately declines. II. John discovers that Brenda has inherited shares in a manufacturing firm trading on the New York Stock Exchange and suggests that she sell them to him in a private transaction in which no commission would be charged. III. John owned XYZ securities for several years and decided to transfer them to his college's endowment fund in lieu of giving a cash gift. He then took a tax deduction for the value of the securities transferred. IV. Baxter, as a reward for the years of John's service as his agent, transferred $5,000 worth of XYZ Corporation securities to John, claiming the transfer as a business expense on his tax form.

Under the Uniform Securities Act, an offer is made in a state when it I. originates in that state. II. is broadcast by radio or TV from outside the state. III. is contained in a newspaper published outside the state but delivered to an address in that state.

Nobody Walks Motor Company, a licensed automobile dealer, is running a promotion offering a $1,000 corporate bond at no additional cost to anyone who purchases a new car over the weekend. Under the Uniform Securities Act, in order to make this offer

Under the Uniform Securities Act, an offer and sale does not exist if it is I. the result of a class vote by stockholders regarding a merger or consolidation. II. a bona fide pledge or loan. III. an act incident to a judicially approved reorganization in which a security is issued in exchange for one or more outstanding shares. IV. a gift of nonassessable securities.

An Administrator has jurisdiction over an offer to sell securities if it is made in a newspaper published out of his state