Under the Uniform Securities Act, there are anti-fraud provisions that apply to securities ...

By Investopedia Staff AAA
Q:

Under the Uniform Securities Act, there are anti-fraud provisions that apply to securities. Which of the following statements is true?
a) Anti-fraud provisions apply to both exempt and non-exempt securities
b) Anti-fraud provisions apply to exempt securities only
c) Anti-fraud provisions apply to non-exempt securities only
d) Anti-fraud provisions apply neither to exempt or non-exempt securities

A:

The correct answer is a.
As with other antifraud provisions under the Act, the antifraud provisions apply to all securities without exempt from registration or part of an exempt transaction.


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