Broker-dealer has no office in state and transacts
fewer than five trades during a 12-month period.
Given these facts, which of these statements
I. The broker-dealer is required to register with the Administrator
II. The broker-dealer is not required to register with the Administrator
III. The transactions are considered exempt
IV. The transactions are not considered exempt
a) II & IV
b) II & III
c) I & III
d) I & IV
Under these circumstances, the broker-dealer is not required to register with the state and the transactions are considered exempt. This is considered an isolated non-issuer transaction exemption.
The correct answer is b. Whenever a corporation opens an account with a broker-dealer, a resolution by the board of directors, ...
The correct answer is a. The sales representative or broker-dealer is required to pay interest, court and attorney’s fees ...
The correct answer is D). When an agent moves from one broker-dealer's employ to another, all parties are responsible for ...
The correct answer is a. The Administrator does have the power to subpoena records and obtain an injunction. Also, a sales ...
The correct answer is c) I is incorrect because there is no margin requirement. III is incorrect because a call writer must ...
The correct answer is d) Hedge funds are extremely aggressive entities that engage in margin and short-selling. They are ...
The trading of securities, such as stocks, that occurs within ...
The act of selling undesirable securities from the broker-dealer's ...
Certain types or amounts of income not subject to federal income ...
A tranasction not directly or indirectly executed for the benefit ...
A unique identifier assigned by a business to each transaction ...
The interest rate charged by banks on loans made to broker-dealers, ...