Unit 5 Flashcards
activities that __, __, and __ in a state fall under the jurisdiction of the administrator in those states
originate, directed and accepted
do agents that are registering require net capital?
no but BDs do.
true or false an administrator has jurisdiction over an offer to wells securities made in a newspaper published outside of his state?
false
the statute of limitations is the
earlier of three years after the date of sale or two years after the discovery of violation
prior to entry of a final order the administrator must provide
appropriate prior notice to the registrant, provide opportunity for a hearing, present findings of facts and conclusions.
an administrator may initiate suspension proceedings against a broker-dealer on discovering
that’s it registration has been suspended in another state or on conviction of a violation if the sec act of 1934
true or false: death if a party to a suit does not end the suit
true
exclusions from the terms offer, offer to sell, sale or sell
bona fide pledge or loan, gift of non assessable stock, stock dividend includes stick splits.
true or false an administrator does have jurisdiction over a television or radio broadcast that originated outside the state
false
true or false the administrator does not have jurisdiction over bona fide newspaper or periodical published outside of the state
true
true or false the administrator does not have jurisdiction over newspapers or periodicals published inside the state but with more the 2/3 of its circulation outside the state in the last year
true
a person may appeal an order if the administrator in court within ___ of order issuance
60 days
an administrator may summarily deny or revoke a securities exemption
without a hearing if the issuer is given an opportunity for a hearing after the revocation
