WILEY SERIES 63 EXAM REVIEW 2016 + TEST BANK THE UNIFORM SECURITIES STATE LAW EXAMINATION BY SECURITIES INSTITUTE OF AMERICA
TABLE OF CONTENTS
ABOUT THE
... [Show More] SERIES 63 EXAM ix
ABOUT THIS BOOK xiii
ABOUT THE TEST BANK xv
ABOUT THE SECURITIES INSTITUTE OF AMERICA xvii
CHAPTER 1 FEDERAL LAW REVIEW 1
The Securities Act of 1933 1
The Prospectus 2
The Final Prospectus 2
Misrepresentations 3
The Securities Exchange Act of 1934 3
Net Capital Requirement 7
Customer Coverage 7
Fidelity Bond 8
The Insider Trading and Securities Fraud Enforcement Act of 1988 8
Firewall 9
The Telephone Consumer Protection Act of 1991 9
National Securities Market Improvement Act of 1996 10
The Uniform Securities Act 11
The Uniform Prudent Investors Act of 1994 12
CHAPTER 2 DEFINITIONS OF TERMS 13
Security 13
Person 15
Broker Dealer 16
Pension Consultants 18
Investment Counsel 18
Form ADV 19
Investment Adviser Registration Database (IARD) 20
Investment Adviser Representative 20
Offer/Offer to Sell/Offer to Buy 23
Sale/Sell 23
Guarantee/Guaranteed 23
Contumacy 24
Federally Covered Exemption 24
Power of Attorney 24
Pretest 25
CHAPTER 3 REGISTRATION OF BROKER DEALERS, INVESTMENT ADVISERS, AND AGENTS 31
Registration of Broker Dealers and Agents 31
Agent Registration 32
Registering Broker Dealers 33
Financial Requirements 34
Broker Dealers on the Premises of Other Financial Institutions 34
Registering Agents 35
Canadian Firms and Agents 36
Investment Adviser Registration 37
The National Securities Market Improvement Act of 1996/The Coordination Act 37
Investment Adviser Representative 38
Investment Adviser Registration 39
Capital Requirements 39
Exams 40
Advertising and Sales Literature 41
Brochure Delivery 42
Wrap Accounts 43
Pretest 45
CHAPTER 4 SECURITIES REGISTRATION, EXEMPT SECURITIES, AND EXEMPT TRANSACTIONS 49
Exempt Securities 49
Securities Registration 50
Registration of IPOs Through Coordination 50
Registration Through Notice Filing 51
Registration of Non-Established Issuers/Registration Through Qualification 51
Exempt Securities/Federally Covered Exemption 53
Exempt Transactions 54
Pretest 59
CHAPTER 5 PROFESSIONAL CONDUCT AND PROHIBITED AND FRAUDULENT ACTIONS 65
Fraud 65
Professional Conduct 66
Suitability 66
Market Manipulation 68
Customer Complaints 69
The Role of the Investment Adviser 69
Additional Compensation for an Investment Adviser 70
Agency Cross Transactions 70
Disclosures by an Investment Adviser 70
Investment Adviser Contracts 72
Private Investment Companies/Hedge Funds 72
Fulcrum Fees 72
Soft Dollars 73
Borrowing and Lending Money 74
Pretest 75
CHAPTER 6 THE STATE SECURITIES ADMINISTRATOR AND THE UNIFORM SECURITIES ACT 83
Actions by the State Securities Administrator 83
Cancellation of a Registration 84
Withdrawal of a Registration 85
Actions Against an Issuer of Securities 85
Rule Changes 85
Administrative Orders 85
Interpretive Opinions 87
Administrative Records 87
Investigations 88
Civil and Criminal Penalties 88
Jurisdiction of the State Securities Administrator 89
Administrator’s Jurisdiction over Securities Transactions 90
Radio Television and Newspaper Distribution 92
Right of Rescission 93
Statute of Limitations 93
Pretest 95
ANSWER KEYS 101
GLOSSARY OF EXAM TERMS 109
INDEX 175 [Show Less]