SIE Exam Question 892: Answer and Explanation

Question: 892

Which of the following is a model statute designed to guide each state in drafting its state securities laws? It was created by the National Conference of Commissioners on Uniform State Laws.

• A. Maloney Act
• B. Patriot Act
• C. Uniform Prudent Investors Act
• D. Uniform Securities Act

Correct Answer: D

Explanation:

The Uniform Securities Act was created by the National Conference of Commissioners on Uniform State Laws, and is a model statute designed to guide each state in drafting its state securities laws.