agent correct answers An individual who represents a broker/dealer or an issuer when selling or trying to sell securities to the investing public. This individual is considered an _____ whether he or she actually receives or simply solicits orders. Also known as "registered representatives."
Two...
Series 63 || with 100% Errorless Solutions.
agent correct answers An individual who represents a broker/dealer or an issuer when selling or
trying to sell securities to the investing public. This individual is considered an _____ whether he
or she actually receives or simply solicits orders. Also known as "registered representatives."
Two types of agents correct answers An individual who represents a broker dealer in effecting or
attempting to effect securities transactions (an entrepreneur selling stock in his own company to
raise capital
An employee is not an agent correct answers selling to non-resident customers(30 day limit)
selling to new residents (60 day limit)
Not an agent working as an issuers correct answers Individuals who represent issuers of certain
exempt securities ( US gov
Individuals who represent issuers in exempt transactions(CFO selling bonds to institutional
investors
Individuals representing issuers selling only to qualified purchasers or selling private placements
(under 33 act )
If you see a question about the issuer of a certificate of deposit, voting trust certificate or
collateral trust certificate, look for the terms correct answers depositor or manager in the answer
choices
If you are asked who is the issuer of a certificate of interest or participation in oil, gas or mining
titles or leases correct answers the answer is that there is no issuer
RR must file an application to register in the state in which a client is now a resident within
correct answers 10 business days of the later of: a transaction with the client in the new state or
the discovery by the rr of the clients change in residence
Agent application correct answers the applicants qualifications and business history
any injunctions or administrative orders involving security
any convictions for misdemeanors involving securities
any felony convictions
the applicants financial condition and history
issuer correct answers According to the Uniform Securities Act, any person who issues or
proposes to issue any security. When a corporation or municipality raises additional capital
through an offering of securities, that corporation or municipality is the issuer of those securities.
An issuer transaction also is called a primary transaction.
historical performance correct answers may be shown to investors as long as proper disclosure is
provided indicating that it DOES NOT predict future results.
, New resident exception to apply correct answers The rr must not be ineligible to register in the
new state, The rr must be registered with a registered securities association and at least one state
The RRs broker dealer must be registered in the new state
If an agent leaves one broker dealer and becomes employed by another broker dealer correct
answers all three parties have to notify the administrator
In an agent terminates his employement with a broker dealer without going to a new dealer
correct answers both have to notify administrator
A minor is not considered a correct answers person
broker/dealer correct answers any person engaged in the business of effecting transactions in
securities for the account of others or for his own account.
Who is not a broker dealer correct answers a bank, savings institution, or trust company,
insurance companies
an issuer,
an agent
a person that has no place of business in the state and deals only with broker dealers, institutional
investors or the issue of the security involved in the transaction
Broker dealer info correct answers a person engaged in the business of effecting securities
transactions:
for the account of others (a broker)
or
Its own account (a dealer
Broker-dealer follow sec rules record retention for books and records correct answers 3 years
retention 2 in an easily accessible location
Broker dealer exceptions to record retention documents to be retained for six years correct
answers principal designation records
records of original entry
trade blotters
Broker dealer docs to be reatained for life correct answers stock certificates
parnership papers
articles of incorporation
minutes of bod meetings
Order ticket correct answers buy or sell
name of security
customers account number
type of order being placed
whether discrestion was used
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