최신 Uniform Securities State Law Series63 무료샘플문제:

1. Which of the following statements about agents is (are) false?

A) When an agent has a change of address, both he and his broker-dealer affiliate must inform the Administrator.
B) An agent must demonstrate a specific minimum level of financial stability for his registration application to be accepted.
C) All of the above are false statements.
D) If an agent files for bankruptcy, the Administrator may elect to terminate that agent's registration if the Administrator believes it is "in the public interest" to do so.

2. No: 192
The maximum monetary civil liability that a person who has violated a securities law can be expected to pay is

A) the original investment + a state-deemed appropriate interest rate + court costs and reasonable attorneys' fees + any state-determined "pain and suffering" award.
B) the original investment + a state-deemed appropriate interest rate + court costs and reasonable attorneys' fees + any state-determined "pain and suffering" award - any income the victim has received on the investment.
C) the original investment + a state-deemed appropriate interest rate + court costs and reasonable attorneys' fees + any income the victim has received on the investment.
D) the original investment + a state-deemed appropriate interest rate + court costs and reasonable attorneys' fees - any income the victim has received on the investment.

3. The state official who has regulatory authority over the securities industry within the state is known as the

A) administrator.
B) secretary of state.
C) investor-protection officer.
D) attorney-general.

4. Which of the following statements best explains the difference between an agent and a broker-dealer?

A) An agent is an individual who represents a broker-dealer or an issuer and buys and sells securities he does not own in return for a commission on the transactions he executes. A broker-dealer may also buy and sell securities for his own portfolio, in which case the broker-dealer enjoys any price appreciation on those securities.
B) Agents are engaged exclusively in the purchase and sale of stocks whereas broker-dealers also buy and sell bonds and option contracts.
C) Agents conduct their business exclusively in the secondary market, while broker-dealers also operate in the primary market.
D) A broker-dealer must be licensed in the state in which he conducts business, but there are no separate licensing requirements for agents.

5. Kevin has a pair of season tickets to the Boston Red Sox games. He and his wife can't attend all the games themselves, so Kevin has created "packages" of eight games each that he is listing for sale on Craig's List.
Do these "packages" meet the definition of securities, and, if so, does Kevin need to register them with the state before offering them for sale?

A) Statements A and B are both true statements.
B) If Kevin will be profiting from the sale of the packages, the packages are defined to be securities, but since he's selling the packages to only a few people, he will not have to register them with the state.
(Kevin may, however, be guilty of violating ticket scalping laws.)
C) The packages are not considered to be securities since each package is merely a purchase and sale agreement between Kevin and another person. There is no third party involved. Because they do not meet the definition of securities, Kevin does not need to register them with the state.
D) Only if Kevin will be selling the packages at or below cost are the packages not considered to be securities, in which case Kevin will not have to register them with the state.

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