Unit 2 Flashcards

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1
Q

Are commodities securities?

A

No

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2
Q

Are ADRs securities?

A

Yes

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3
Q

Are endowments securities?

A

No

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4
Q

Are interests in farmland securities?

A

Yes

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5
Q

Are options on futures securities?

A

Yes

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6
Q

Is art a security?

A

No

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7
Q

Are debentures securities?

A

Yes

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8
Q

Are viaticals securities?

A

Yes

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9
Q

Are term life policies securities?

A

No

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10
Q

Are whole life policies securities?

A

No

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11
Q

Are mortgages securities?

A

No

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12
Q

Who is responsible for the administration of the Bank Secrecy Act?

A

The Financial Crimes Enforcement Network (FinCen)

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13
Q

A security may be registered by coordination if the same offering is being registered under the __________________________.

A

Securities
Act of 1933

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14
Q

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.

A

10

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15
Q

Intrastate offerings are commonly registered by _______________.

A

qualification

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16
Q

The method of registration most often used by the new issuers of securities (IPOs) is registration by ___________.

A

coordination

17
Q

Are commodity futures securities?

A

No.

18
Q

____________________ 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)

A

Promissory notes

19
Q

Are Keogh Participation Units securities?

A

Yes

20
Q

Are stock futures currencies?

A

No

21
Q

Are variable life insurance policies considered securities?

A

Yes