Question

A customer who is a resident of State X calls and wants to buy a security which is not registered in State X. The order may be taken under which of the following circumstances? a. The security is exempt from registration in State X. b. The security is listed on a Canadian or Mexican Stock Exchange. c. The security is listed on a national securities exchange in the United States. d. The security had a public offering during the past year.

Answer 1

Answer:

A, and C

Explanation:

Transaction can be done if the security is exempted from registration in State X and transaction can also be done if the security is listed on the national securities exchange in the United States.