Q:

Under the Uniform Securities Act, federal covered securities include those sold to qualified purchasers only. Qualified purchasers include:
a) Individuals with investments of at least $5,000,000 or investment managers with at least $30,000,000 under management
b) Individuals with investments of at least $5,000,000 or investment managers with at least $25,000,000 under management
c) Individuals with investments of at least $3,000,000 or investment managers with at least $25,000,000 under management
d) Individuals with investments of at least $2,500,000 or investment managers with at least $30,000,000 under management

A:
The correct answer is b.
Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at least $5,000,000 of investments or an investment manager with at least $25,000,000 of investment assets under management.

MORE FAQS

  1. Under the Investment Company Act of 1940, an investment company, or mutual fund company, must have minimum net assets of how much before it can issue shares to the public?

  2. All of the following statements are true with respect to the various ways that equity investments may ...

  3. Under the Uniform Securities Act, a broker-dealer is generally required to obtain surety bond coverage ...

  4. Under the Uniform Securities Act, which of the following are defined as securities ...

  5. Where does a hedge fund get its money?

  6. Under the Uniform Securities Act, registration with the Administrator as an investment adviser is required ...

  7. What proportion of my overall investments should be in securities?

  8. How does price elasticity affect my stock purchase decisions?

  9. A sales representative or broker-dealer that violates the Uniform Securities Act when offering or selling ...

  10. Which version of the Uniform Securities Act should I study to prepare for my Series 63 exam?

  11. A sales representative solicits and executes a mutual fund trade ...

  12. How are investment banks regulated in the United States?

  13. Which financial instruments have par values?

  14. Under the Uniform Securities Act, the statute of limitations for criminal suits is how long ...

  15. What are managed futures?

  16. Are dividends the best way to make money for retirement?

  17. How many attempts at each CFA exam is a candidate permitted?

  18. What's the average salary of a financial advisor?

  19. Why is Hong Kong considered a tax haven?

  20. Is smart beta cheaper than hedge funds?

RELATED FAQS

  1. Under the Investment Company Act of 1940, an investment company, or mutual fund company, ...

    A. $25,000B. $50,000C. $100,000D. $500,000 Correct answer: CAn investment company (mutual fund) must have at least ...
  2. All of the following statements are true with respect to the various ways that equity ...

    The correct answer is: b) Global investing is the proper definition for investing in stocks from all over the world. International ...
  3. Under the Uniform Securities Act, a broker-dealer is generally required to obtain ...

    The correct answer is c. The correct answer is $10,000. While the Act states that the Administrator may set the amount, the ...
  4. Under the Uniform Securities Act, which of the following are defined as securities ...

    The correct answer is a. Fixed annuities are not considered securities, since the purchaser bears no investment risk. However, ...
  5. Where does a hedge fund get its money?

    Learn how a hedge fund is structured and how the managing partner of the fund goes about the process of finding and soliciting ...
  6. Under the Uniform Securities Act, registration with the Administrator as an investment ...

    The correct answer is c. I is incorrect, since broker-dealers or their agents who don’t receive a fee for making investment ...
RELATED TERMS
  1. Management Investment Company

    A formal name for a company that sells and manages a portfolio ...
  2. State Administrator

    The government agency or official who oversees and enforces state-level ...
  3. Division Of Investment Management

    The Division of Investment Management is a branch of the U.S. ...
  4. Assets Under Management - AUM

    The market value of assets that an investment company manages ...
  5. Managed Money

    A means of investment where the investor, rather than buying ...
  6. Funds Management

    The management of the cashflow of a financial institution. The ...
Hot Definitions
  1. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Portfolio Investment

    A holding of an asset in a portfolio. A portfolio investment is made with the expectation of earning a return on it. This ...
  6. Treynor Ratio

    A ratio developed by Jack Treynor that measures returns earned in excess of that which could have been earned on a riskless ...
Trading Center