Chapter 4

Under the provisions of the Uniform Securities Act, which of the following transactions may be made legally with unregistered, nonexempt securities?

A private placement

Which of the following is defined as a security under the Uniform Securities Act?

An investment contract

If a public customer plans to purchase stock in a company that has been listed on a stock exchange for the past year in a regular-way secondary transaction, when must the customer receive the prospectus?

Are no prospectus delivery requirements for this transaction

Under the Uniform Securities Act, which of the following statements about federal covered securities is NOT true?

Federal covered securities must be registered with the states.

Although certain common stocks, known as federal covered securities, are exempt from state registration, the Administrator has the power to request from the issuer all of the following EXCEPT

a contact person located within the state for purposes of legal service

Under the USA, the term "security" refers to all of the following EXCEPT

commodity futures contract

It would not be a prohibited practice under the Uniform Securities Act for an agent to tell a client that

registered nonexempt securities may properly be sold in the state

All of the following are exempt securities under the Uniform Securities Act EXCEPT

securities issued by a bank holding company

Under the Securities Act of 1933, securities issued by a charitable organization are exempt if

the organization is nonprofit

Under the Uniform Securities Act, which of the following is NOT an exempt transaction?

The sale of U.S. government securities to an individual with a net worth in excess of $2 million by a registered government securities dealer