STC SERIES 66 EXAM 01B EXAM QUESTIONS AND ANSWERS GRADED A+ 2025/2026

STC SERIES 66 EXAM 01B EXAM
QUESTIONS AND ANSWERS GRADED A+
2025/2026




Which of the following statements is TRUE according to the USA? - ANS The administrator
may require a surety bond for advisors who have custody of client funds or securities



Under the USA, which of the following choices would NOT be considered a person? - ANS An
adult found to be mentally incompetent



According to the USA, which of the following investments advisers would be exempt from
registration? - ANS An advisor with only five retail clients



An officer of GTO company is selling his company's convertible debentures to the public. In this
capacity, the officer is: - ANS An agent of the issuer



Under the USA, which of the following is exempt from registration as a broker-dealer in State B?
- ANS A BD whose only office is in State A, but deals only with institutional clients in State B



Which of the following statements is/are TRUE of exempt securities under the USA? - ANS If
state rules regarding an exemption are more restrictive than federal rules, then state ruled
would govern


1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.