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Exam Name: Alibaba Cloud Certified Technician (CCT) for Data Center

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Certification Exam Name: Alibaba Database

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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. agent.
B. none of the above.
C. issuer.
D. broker-dealer.
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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