Wrong Answers 4

Question 1

Out of state investment advisers with no office in this state are not required to be registered if only giving advice

Answer 1

To insurance companies

Question 2

The Ran Corporation’s common stock is listed on the New York Stock Exchange. To raise additional working capital, RAN’s board of directors has authorized the sale of $75 million in subordinated debentures. Under the Uniform Securities Act, which of the following is not a true statement?

Answer 2

The Administrator can require RAN Corporation to register the debentures prior to an offering in the state

Question 3

An agent is currently registered with Broker dealer X and would like to register with Broker dealer Z. Under the Uniform Securities Act

Answer 3

Registration would be required with each broker dealer

Question 4

If the Administrator has summarily suspended an investment adviser representative’s registration, the registrant May request a hearing by written request and the hearing will be granted within

Answer 4

15 days