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NEW QUESTION: 1
Treadwater Bank and Trust is selling a portfolio of municipal bonds it owns to the SafeRisk Insurance
Corporation. Under the Uniform Securities Act (USA), in this transaction Treadwater is defined as a
A. broker-dealer.
B. none of the above.
C. issuer.
D. agent.
Answer: B
Explanation:
When Treadwater Bank and Trust sells municipal bonds it owns to SafeRisk, it does not
meet the USA definition of a broker-dealer, an agent, or an issuer. As a bank, Treadwater is automatically
excluded as a broker-dealer. Nor can Treadwater be defined as an agent since an agent can only be an
individual. Treadwater is not the issuer of the securities; the state and local governments that originally
issued the securities are.
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CPC FAQ
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CPC Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CPC Exam.
CPC Exam Topics
Review the CPC especially if you are on a recertification. Make sure you are still on the same page with what AAPC wants from you.
CPC Offcial Page
Review the official page for the CPC Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CPC Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.