Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
T or F
Exempt securities and transactions are only exempt from registration requirements and filing of adv and sale lit at the state level |
T
|
|
|
T or F
A FIXED annuity would not be subject to the anti-fraud provisions bc a Fixed Annuity is NOT a sec |
T
|
|
|
Exempt securities
|
1.US Govt sec-including US govt agency issues
2.Muni sec 3.Sec issued or guaranteed by the country of Canada or its provinces(NOT sec listed on a Canadian exch or issed by Canadian comp or ins comp) 4.Sec issues by banks,savings and loans. or trist comp 5.Credit Unions(fed or state chartered) 6.Sec issued by an ins comp(US ONLY) 7.Any security listed on a registered echange 8.NON PROFIT issues-charitable, educational, chamber of commerce 9.Promissory Notes -Issued in denom of $50k -Pay cash win 9m -Rated one of the top 3 categories -Do NOT have to be issued by a Federally Chartered Bank 10.Public Utility & Common Carrier(Railroad companies) 11.Commercial paper 12.Inv contracts in connection w employee stock purchae, savings, pensions, or profit sharing plans *CORP BONDS OR OTHER CORP DEBT ARE NOT INCLUDED |
|
|
Exempt transactions
|
1.Isolated non-issuer transactions(regular,everyday transactions)
2.Unsolicited transactions 3.Fiduciary transactions 4.Bona fide pledges of sec 5.Underwriter transactions(NO sales to the public) 6.Transactions w financial institutions 7.Private placements sold to no more than 10 persons other than inst inc, during a 12m period 8.Mortgage bond transactions issued as a unit 9.Pre-organization subscription transactions -subscribers cant exceed 10 -no commission may be paid -payments may only be made after sec is registers -advertising IS acceptable 10.rights,warrants, and convertible securities transactions if no commissions ar epaid |
|
|
T or F
No order to deny or revoke an exemption may be made retroactive |
T
|
