Which of the following meet the definition of a security under the USA?

I.    equity index annuity

II.   certificate of participation in gas, oil or mineral rights

III.  whiskey warehouse receipts

IV.  multi-level marketing schemes

One of your margin account customers has failed to meet a margin maintenance call. Your broker-dealer has liquidated sufficient securities to satisfy the call. Under the USA, this liquidation:

The term ‘impersonal advisory services’ refers to:

All things being equal, which of the following investment recommendations would be most suitable for a widow in her 60’s with a modest pension and minimal savings?

One of the key investment risks associated with securities is failure to diversify. Which of the following risks will diversification of a portfolio be least effective at reducing or mitigating?

An agent of a broker-dealer presents a stock recommendation to a customer which the agent strongly believes is an excellent buy at the current time. The customer agrees with the agent’s assessment, the agent recommends a $15,000 purchase, the customer agrees, and the transaction takes place. After the customer receives the trade confirm in the mail a few days later, he informs the agent he simply does not have the wherewithal to cover a trade of that size and requests the trade be canceled. Under the USA,

In accordance with the Uniform Securities Act, an institutional investor is one:

Which of the following statements is true regarding the interpretations of the USA when a brokerage firm is distributing a new issue of corporate bonds that have warrants attached?

The ex-dividend date is fast approaching in a mutual fund with which your firm has a selling agreement. Because the amount of the dividend is particularly generous this quarter, you contact a number of your clients for whom the fund is suitable and encourage them to buy prior to the cut-off date in order to be sure to receive the upcoming dividend payment. According to NASAA rules:

The net worth requirements set forth in the USA are applicable to:

I.    Investment Advisers

II.   Investment Adviser Representatives

III.  Agents

IV.  Broker-dealers