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Hard STC Series 66 Questions exam questions and answers
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Hard STC Series 66 Questions exam questions and answers
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Hard STC Series 66Questions exam questions
and answers
Which of the following would most likely be registered with the
state Administrator?
A) A municipal revenue bond
B) A mutual fund
C) An NYSE-listed company's common stock
D) A distribution of an interest in a mining or real estate venture -
answer D
According to the Uniform Securities Act, which of the following
statements is NOT TRUE concerning a private placement offering?
A) The offer may not be made to more than 10 retail investors in the
state during any 12-month period.
B) The offer may not be made to more than 35 retail investors in the
state during any 12-month period.
C) The offer may be made to an unlimited number of institutional
investors during any 12-month period.
,D) Commissions may not be paid if the buyers are non-institutional
investors. - answer B
Under the Uniform Securities Act, which of the following statements
is/are TRUE regarding the registration of securities?
I. A security is considered registered for one year from the effective
date of its registration statement
II. Once the registration statement is declared effective by the
Administrator, the security is considered to be registered as long as
the issuer files quarterly and annual financial statements
III. If the registration statement for a security is declared effective
by the Administrator of one state, it is also immediately effective in
any state in which an identical registration statement has been filed
IV. The filing of a registration statement may be done by a person
other than the issuer
A) II only
B) I and IV only
C) I, III, and IV only
D) II, III, and IV only - answer B
A mutual fund is planning to issue 10 million Class B shares. Five
hundred thousand shares will be offered in the state of Rhode
Island. Under the Uniform Securities Act, the Administrator of Rhode
Island will require the fund to:
,I. Register the shares in Rhode Island
II. Include a prospectus with its registration
III. Pay a filing fee
IV. Sign a Consent to Service of Process
A) I and II only
B) III and IV only
C) I, II, and III only
D) I, II, III, and IV - answer B
Registration of a security in a state is not required for ALL of the
following reasons, EXCEPT:
A) The security has been registered with the Securities and
Exchange Commission under the Securities Act of 1933
B) The security is offered in an exempt transaction
C) The security is exempt
D) The instrument does not meet the definition of a security -
answer A
Which of the following securities or transactions are subject to the
registration provisions of the Uniform Securities Act (USA)?
, A) Unsolicited private placement transactions
B) Unsolicited non-issuer transactions
C) Transactions with financial institutions
D) Public offerings of securities - answer D
Under the Uniform Securities Act, an institutional investor:
A) Has more than $2.1 million of net worth
B) Has a minimum of $1 million under management with an
investment adviser
C) May be designated as such by rule or order of the Administrator
D) Is any financial institution or trust - answer C
A technology company's stock is listed on an exchange and is also
traded over-the-counter by a small number of market makers. The
stock is considered by the Administrator to be a:
A) Non-exempt security and subject to registration by coordination
B) Federal covered security and not subject to registration with the
Administrator
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