Under the USA, exempted transactions as defined would include non-issuer transactions, by a registered agent of a registered broker-dealer:

I.    not involving an issuer which is a blank-check company

II.   in which the security is sold at a price reasonably related to the current market price of the security

III.  not involving an issuer in the organizational stage

IV.  which result from the use of written discretionary power

Which of the following statements is untrue?

Broker-dealers, agents of broker-dealers, Investment Advisers, and IARs, when publishing information about securities on the internet:

According to the Uniform Securities Act as amended, commercial paper may be considered an exempt security under which of the following conditions:

An IAR has recommended the stock of Amalgamated Consolidated Group (ACG), a diversified financial services holding company which your IA follows in its research department. Which of the below would represent a violation of your firm’s and your fiduciary obligations to your customer?

Under the Uniform Securities Act, regarding record-keeping and net capital requirements, a broker-dealer with offices in several states:

When an agent’s association with a broker-dealer is terminated and the agent joins a new firm shortly thereafter:

Excluded from the definition of investment adviser under the USA is each of the below except:

A state Administrator has a great many powers set forth in the USA. The power to revoke or deny a registration exemption is one of those powers. Which of the below exemptions does the Administrator lack the authority to exercise this power?

Defensive industries characteristically include each of these except: