An unlicensed broker: A) Can still collect a commission for ...

[jon_i]

An unlicensed broker:
 A) Can still collect a commission for property sold.
 B) Violates state law by taking listing agreements.
 C) Neither a nor b
 D) Both a and b

Question 2

All of the following are true regarding SEC Rule 10b-5 except: ______.
 A) 10b-5 is the principal antifraud rule relating to the secondary distribution of securities.
 B) 10b-5 provides that a civil action for damages may be brought by any private investor who purchased or sold a security and was injured because of false, misleading, or undisclosed information.
 C) 10b-5 applies to all securities, whether registered or not, as long as use is made of the mail, interstate commerce, or a national stock exchange.
 D) 10b-5 does not require a plaintiff to show reliance on the misrepresentations.

[deja]

Answer to Question 1

B

Answer to Question 2

D

[jon_i]

Thanks for the timely response, appreciate it

[dyrone]

TYSM