Once a broker-dealer has applied for and been granted state registration, the registration remains valid

• A.until December 31st.
• B.for twelve months.
• C.for three years.
• D.for five years.

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For how long after the effective date is a security's registration valid?

• A.three months
• B.six months
• C.one year
• D.two years

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Ms. Ding is an administrative assistant to the manager of a mutual fund. Most of her day is spent entering data onto a spreadsheet for her boss and answering phone calls. Some of the calls require her to provide information about the some of the fund's financial aspects, such as its closing net asset value on the previous day.
What type of registration does Ms. Ding require in order to perform her duties?

• A.Ms. Ding needs to apply for registration as an agent since she is providing financial information.
• B.Ms. Ding needs to apply for registration as an investment adviser representative since she is providing information about a specific mutual fund.
• C.Ms. Ding will need to apply for registration as both an agent and an investment adviser representative in this case since she is providing information about a mutual fund.
• D.Ms. Ding does not need to apply for any type of registration. She is merely supplying information and is not engaged in the purchase or sale of the fund shares.

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Which of the following would fall under the definition of "agent," as defined by the Uniform Securities Act (USA)?

• A.Joe works as an administrative assistant for broker-dealer GetErDone, doing data entry, filing client forms that contain confidential information, and directing calls to registered representatives of the firm.
• B.Freedom broker-dealers executes the purchase and sale of securities for its customers.
• C.TrustUs Bank has a subsidiary operation that sells mutual funds to the public.
• D.None of the above would fall under the definition of "agent," as defined by the Uniform Securities Act (USA.)

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Which of the following conditions is necessary for an act involving securities fraud to be considered
criminal and subject to criminal penalties?

• A.The act extended across state lines.
• B.The perpetrator willfully committed the fraudulent act.
• C.The victim(s) lost a combined total of at least $25,000 because of the act.
• D.The Administrator decides to send the case to criminal court.

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