STC SERIES 66 EXAM 01B EXAM WITH
CORRECT QUESTIONS AND ANSWERS
2025
Which of the following statements is TRUE according to the USA? - CORRECT-
ANSWERSThe 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? -
CORRECT-ANSWERSAn adult found to be mentally incompetent
According to the USA, which of the following investments advisers would be exempt
from registration? - CORRECT-ANSWERSAn 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: - CORRECT-ANSWERSAn agent of the issuer
, Under the USA, which of the following is exempt from registration as a broker-dealer in
State B? - CORRECT-ANSWERSA 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? -
CORRECT-ANSWERSIf state rules regarding an exemption are more restrictive than
federal rules, then state ruled would govern
Which if the following terms is NOT specifically defined under the USA? - CORRECT-
ANSWERSRegistered representative
Which of the following choices would not meet the definition of an exempt security? -
CORRECT-ANSWERSTransactions between an issuer and retail investor
Which of the following could be considered an investment adviser representative under
the USA? - CORRECT-ANSWERSAn individual employed by Chelsea Asset
Management who solicits clients for the firm
CORRECT QUESTIONS AND ANSWERS
2025
Which of the following statements is TRUE according to the USA? - CORRECT-
ANSWERSThe 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? -
CORRECT-ANSWERSAn adult found to be mentally incompetent
According to the USA, which of the following investments advisers would be exempt
from registration? - CORRECT-ANSWERSAn 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: - CORRECT-ANSWERSAn agent of the issuer
, Under the USA, which of the following is exempt from registration as a broker-dealer in
State B? - CORRECT-ANSWERSA 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? -
CORRECT-ANSWERSIf state rules regarding an exemption are more restrictive than
federal rules, then state ruled would govern
Which if the following terms is NOT specifically defined under the USA? - CORRECT-
ANSWERSRegistered representative
Which of the following choices would not meet the definition of an exempt security? -
CORRECT-ANSWERSTransactions between an issuer and retail investor
Which of the following could be considered an investment adviser representative under
the USA? - CORRECT-ANSWERSAn individual employed by Chelsea Asset
Management who solicits clients for the firm
