Exempt securities must re-establish their exemption annually in order to be sold lawfully in the state. -
remember this
A material fact is deliberately omitted in a sales presentation because it was publicly known 4 years ago
= PROHIBITED - remember
A registration statement for new issues of securities under the USA is effective for more than one year
after its effective date: - if the issuer or broker/dealer offering the securities has an unsold allotment
covering those instances where an investment adviser might act an as agent for both sides of a trade
involving his advisory clients. In order to perform in this manner, the USA - prohibits the IA from making
the recommendation to BOTH sides.
16. State securities Administrators can require: - agents to post a surety bond if they have discretion
over client funds and securities.
Uniform Securities Act imposes certain recordkeeping requirements upon registered broker/dealers.
Among the records that must be retained are all of these EXCEPT - unsolicited testimonials from
customers.
able to split commission with principal under same roof - remember that
A person applying for an initial registration as an agent might be asked to provide all of the following - -
proposed method of doing business.
-a consent to service of process.
-citizenship information.
NOT REQUIRED; fingerprints
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