3.1. Regulation of Securities and Issuers

Thus far in this study guide, we’ve talked mostly about how the Uniform Securities Act regulates the people and firms involved with helping people buy and sell securities and decide which securities to buy. While this is typically where the exam focuses much of its attention, questions about the issuers of securities and the securities themselves are also fair game.

That doesn’t mean you’re going to be asked questions about which stock is better for a customer, or