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Chapter 4 63
Terms in this set (21)
Under Reg. D, accredited investors include
individuals with net worth over $1 million, or $200,000
of annual income ( $300,000 with spouse ).
According to the USA, private placements are exempt from
registration in a state, if offered to no
more than 10 non-institutional investors within a 12 month period.
When created, an order ticket does not disclose
the capacity the B/D acted in or the execution
A bond rating is not included
on a confirmation
Registration by Filing is not used for
an IPO, and is not used by all states
Registration by Coordination is used
for inter-state offerings
Registration by Qualification is used
for intra-state offerings and requires the most documentation.
A bond rating is
not included on a confirmation
If registration is denied, revoked or suspended, registrants may
request a hearing to be held within
Securities issued by an insurance company are
exempt, not variable annuities.
Church bonds are
exempt from registration
The sale of exempt securities in a state
does not exempt an agent from registration
Selling units in a Canadian limited partnership is
not an exempt transaction.
Secondary market transactions are
A correcting amendment is filed with the
Administrator if information in a registration statement
Under Rule 147, securities sold only in one state
are exempt from federal registration
Securities issued by a Canadian municipality are
exempt from registration , not those issued by a
Transactions between a B/D and issuer
A non-issuer transaction in a security listed
on the Toronto Stock Exchange is exempt
Transactions between an underwriter and issuer
are exempt transactions.
IA's may have discretion with a client's verbal approval
for 10 days, after which it must be in writing
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OTHER SETS BY THIS CREATOR
Chapter 5 63
Chapter 3 63
Chapter 2 63