STC SERIES 66 EXAM 01A EXAM WITH
CORRECT QUESTIONS AND ANSWERS
2025
Under the Uniform Securities Act, which of the following securities is/are exempt? -
CORRECT-ANSWERSBonds issued by a Canadian province
Illinois General Obligation bond
Insurance company common stock
Securities issued by a non-for-profit educational association
Under the Uniform Securities Act, which of the following statements is TRUE concerning the
registration of an investment advisor? - CORRECT-ANSWERSAn investment advisor who
does not maintain an office in a state who has seven clients who are residents of that state
is not exempt from registration
Which of the following statements is TRUE regarding surety bonds? - CORRECT-
ANSWERSThe administrator may allow a deposit of cash or securities
, A broker-dealer registered in Georgia sells a security listed on Nasdaq. The transaction
takes place in the secondary market between two clients who are Georgia residents.
According to the USA, which of the following statements is TRUE? - CORRECT-
ANSWERSThe security is not required to be registered in Georgia
Under the Uniform Securities Act, an employee of a municipal issuer selling securities to the
public is considered: - CORRECT-ANSWERSNot an agent
A brokerage firm executes an existing customer's order by locating a contra-party and
charges the client a commission for executing the trade. In what capacity was the firm
acting? - CORRECT-ANSWERSBroker
Which of the following statements are TRUE concerning certain federal covered securities? -
CORRECT-ANSWERS-The Administrator may require the issuer to pay a filing fee
-The Administrator may bring enforcement action if fraud is involved
-The Administrator may require the issuer to file a consent to service of process
CORRECT QUESTIONS AND ANSWERS
2025
Under the Uniform Securities Act, which of the following securities is/are exempt? -
CORRECT-ANSWERSBonds issued by a Canadian province
Illinois General Obligation bond
Insurance company common stock
Securities issued by a non-for-profit educational association
Under the Uniform Securities Act, which of the following statements is TRUE concerning the
registration of an investment advisor? - CORRECT-ANSWERSAn investment advisor who
does not maintain an office in a state who has seven clients who are residents of that state
is not exempt from registration
Which of the following statements is TRUE regarding surety bonds? - CORRECT-
ANSWERSThe administrator may allow a deposit of cash or securities
, A broker-dealer registered in Georgia sells a security listed on Nasdaq. The transaction
takes place in the secondary market between two clients who are Georgia residents.
According to the USA, which of the following statements is TRUE? - CORRECT-
ANSWERSThe security is not required to be registered in Georgia
Under the Uniform Securities Act, an employee of a municipal issuer selling securities to the
public is considered: - CORRECT-ANSWERSNot an agent
A brokerage firm executes an existing customer's order by locating a contra-party and
charges the client a commission for executing the trade. In what capacity was the firm
acting? - CORRECT-ANSWERSBroker
Which of the following statements are TRUE concerning certain federal covered securities? -
CORRECT-ANSWERS-The Administrator may require the issuer to pay a filing fee
-The Administrator may bring enforcement action if fraud is involved
-The Administrator may require the issuer to file a consent to service of process
