STC Series 66 Exam 01A Questions with 100%
Correct Answers
Under the Uniform Securities Act, which of the following
securities is/are exempt? Correct Answer: Bonds 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 Answer: An 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 Answer: The 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 Answer: The
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 Answer: Not 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 Answer: Broker
Which of the following statements are TRUE concerning
certain federal covered securities? Correct Answer: -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 Answers
Under the Uniform Securities Act, which of the following
securities is/are exempt? Correct Answer: Bonds 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 Answer: An 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 Answer: The 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 Answer: The
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 Answer: Not 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 Answer: Broker
Which of the following statements are TRUE concerning
certain federal covered securities? Correct Answer: -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
