Exam (elaborations)
green light exam 2 | Questions And Answers Latest {} A+ Graded | 100% Verified
- Course
- Institution
green light exam 2 | Questions And Answers Latest {} A+ Graded | 100% Verified
[Show more]
Content preview
green light exam 2 | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
Which of the following statements is NOT TRUE concerning agency cross trades? - a client may provide
verbal authorization for up to 10 days is NOT TRUE.
An agency cross transaction is one in which the adviser acts as broker for both sides of the trade.
Advisory clients must provide written consent before an adviser may affect the first agency cross
transaction. This is a blanket consent and covers future agency cross transactions until the client revokes
consent, which can be done at any time.
Which of the following situations would constitute an assignment of an investment advisory contract
requiring client approval?
The investment adviser is a partnership with three partners, one of whom dies
The investment adviser is a partnership with seven partners, three of whom retire, while another dies
The investment adviser changes from a sole proprietorship to a LLC
A corporation acquires 60% of the assets of the broker-dealer parent of an investment adviser - answer
is II, III, and IV.
If the adviser is organized as a partnership, the death, resignation or retirement of a **minority** of
the partners does not constitute a change of control or management—roman numeral (I). However, the
investment adviser does need to notify its clients if the composition of the partnership changes.
Which of the following issuers would be most likely to use registration by qualification in order to
register its securities? - a local company whose share will be sold within the state
Under the Uniform Securities Act, which of the following responsibilities may the Administrator NOT
designate to another officer?
The issuance of a cease-and-desist order
Bringing an action in state court to enjoin parties
Serving a subpoena on a witnesses and compelling their attendance - 1 and 2.
, The Uniform Securities Act specifically permits the Administrator to designate an officer to subpoena
witnesses and compel their attendance, administer oaths and affirmations, and require that books and
records be furnished. Issuing a cease-and-desist order and brining an action in state court to enjoin
parties must be executed by the Administrator.
Registration by coordination is used together with which of the following federal acts? - the securities
act of 1933
An agent is soliciting investors for a private placement of securities issued under Regulation D. Which of
the following choices are accredited investors according to Regulation D?
a) A couple with a net worth of $1 million, inclusive of their primary residence
b) A 55-year-old investor who has just taken early retirement, whose annual income was $250,000
during the last two years
c)A corporation with $500,000 in assets
d) an insurance company - an insurance company
Under Regulation D accredited investors include:
Individuals with an annual income of at least $200,000 during the last two years who reasonably expect
to continue to earn that much in the future
A married couple with a joint annual income of at least $300,000 during the last two years who expect
that income to continue at that level
An individual or a couple with a net worth of at least $1 million, not including the value of their primary
residence
Banks, insurance companies, and registered investment companies under IA '40
Certain employment benefit plans, nonprofits and corporations with total assets in excess of $5 million
When opening a margin account, which TWO of the following MUST be signed?
A loan consent form
A hypothecation agreement
Trading authorization
A margin account credit agreement - 2 and 4. a hypothecation agreement and a margin account credit
agreement
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller oneclass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now