Unit 2 Flashcards
Are commodities securities?
No
Are ADRs securities?
Yes
Are endowments securities?
No
Are interests in farmland securities?
Yes
Are options on futures securities?
Yes
Is art a security?
No
Are debentures securities?
Yes
Are viaticals securities?
Yes
Are term life policies securities?
No
Are whole life policies securities?
No
Are mortgages securities?
No
Who is responsible for the administration of the Bank Secrecy Act?
The Financial Crimes Enforcement Network (FinCen)
A security may be registered by coordination if the same offering is being registered under the __________________________.
Securities
Act of 1933
Under the Uniform Securities Act, private placements are exempt from registration if the securities are offered to no more than __ non-institutional investors in a 12 month period.
10
Intrastate offerings are commonly registered by _______________.
qualification
The method of registration most often used by the new issuers of securities (IPOs) is registration by ___________.
coordination
Are commodity futures securities?
No.
____________________ are a type of debt security and are exempt if they’re issued in minimum denominations of $50,000, have no more than nine months to maturity, and are rated in one of the three highest credit categories by a Nationally
Recognized Statistical Ratings Organization (NRSRO)
Promissory notes
Are Keogh Participation Units securities?
Yes
Are stock futures currencies?
No
Are variable life insurance policies considered securities?
Yes
