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NEW QUESTION: 1
Under which of the following scenarios can a client legitimately sue a purported professional in the
securities industry and expect an award for damages?
I. The securities were sold by an agent whose registration was not yet effective with the state, but who
had already applied for registration.
II. The security was a variable annuity, and the sales representative neglected to reveal the details of the
surrender clause to the client.
III. The security was the stock of a company, the stock had recently been registered with the state for sale,
had been granted registration, and the selling agent had told his client that the security had been
state-approved for sale.
A. I, II, and III
B. II and III only
C. I and III only
D. I only
All of the selections are scenarios describing instances in which a client can legitimately sue
a purported professional in the securities industry and expect an award for damages. A client can
legitimately sue a purported professional in the securities industry and expect an award for damages if the
agent is not yet effectively registered to effect securities transactions in the state; if the professional has
neglected-intentionally or otherwise-to inform the investor of all the relevant information involving the
security, such as any surrender clause involved; or if the agent has indicated that a state-registered
security has in any way been approved by the state.
NEW QUESTION: 2
Which of the following statements are true? Choose two answers
A. Selected labels from the LIB are populated to the LFIB.
B. Selected routes from the RIB are populated to the FIB.
C. All labels from the LIB are populated to the LFIB.
D. Selected labels from the FIB are populated to the LIB.
E. Selected routes from the FIB are populated to the RIB.
Section: Volume B