Securities Industry Essential Regulation- Series 7 Exam || With 100% Accurate Solutions
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Securities Industry Essentials
Institution
Securities Industry Essentials
Securities Industry Essential Regulation- Series 7 Exam || With 100% Accurate Solutions
Securities Industry Essential Regulation- Series 7 Exam || With 100% Accurate Solutions
All of the following activities are prohibited during the "cooling off" period EXCEPT: - ANSWER - -accepting an indicat...
, Securities Industry Essential
Regulation- Series 7 Exam || With 100%
Accurate Solutions
All of the following activities are prohibited during the "cooling off" period EXCEPT: -
ANSWER - -accepting an indication of interest from the customer for part of the
issue
A registered representative has prepared a research report about a new issue that is
"in registration." Which statement is TRUE? - ANSWER - -The research report may
not be sent
If the SEC sends a deficiency letter to the issuer regarding an issue in registration,: -
ANSWER - -disclosure is not considered to be adequate
Which of the following are true during the period that a non-exempt new issue is "in
registration"? - ANSWER - -No advertising or sale of the issue is permitted
-The SEC may issue a deficiency letter requesting additional information before
allowing registration to become "effective"
-The offering participants perform due diligence on the offering
All of the following statements are true during the period that a non-exempt new
issue is "in registration" EXCEPT: - ANSWER - -The preliminary prospectus with the
final public offering price is distributed
When the Securities and Exchange Commission sets the effective date for a new
issue in registration, this means that the: - ANSWER - -proper documents for
registration have been filed with the SEC
If the Securities and Exchange Commission sets the effective date for a new issue in
registration, which of the following statements are TRUE? - ANSWER - -All proper
documents have been filed with the SEC
-The issue may be offered to the public
Which of the following statements are TRUE about new registered stock offerings? -
ANSWER - -Any purchaser who received a preliminary prospectus must also receive
the final prospectus
-Any purchaser will pay the Public Offering Price
A customer that regularly purchases new common stock issues from her broker-
dealer sends an e-mail to her registered representative asking that all prospectuses
be forwarded to her electronically at her e-mail address. Which statement is TRUE? -
,ANSWER - -The registered representative can follow the customer's instructions by
forwarding the request to the member firm's operations department
Under the Securities Act of 1933, new issues are not marginable until how many
days have elapsed from the effective date? - ANSWER - -30 days
The announcement appears in the Wall Street Journal. This offering is a(n): -
ANSWER - -registered primary distribution
The announcement appears in the Wall Street Journal. This offering is a - ANSWER
- -registered distribution
-primary distribution
Which of the following statements are TRUE regarding Rule 415? - ANSWER - -This
rule allows seasoned issuers to file a blanket registration which covers a 3 year
period
-The issuer avoids the 20 day cooling off period and is allowed to issue the securities
2 business days after filing
Intrastate offerings are exempt from: - ANSWER - -Federal registration
Intrastate offerings are subject to: - ANSWER - -State registration
-FINRA regulation
Which statements are TRUE regarding intrastate offerings? - ANSWER - -Intrastate
offerings are subject to State registration
-Intrastate offerings are exempt from Federal registration
Exempted issuers are defined under the: - ANSWER - -Securities Act of 1933
Which of the following securities are exempt from the registration provisions of the
Securities Act of 1933? - ANSWER - -U.S. Government issues
-U.S. Government agency issues
-General Obligation Bonds
-Industrial Revenue Bonds
U.S. Government agency securities: - ANSWER - -are exempt securities under the
Securities Act of 1933
Banker's Acceptances are: - ANSWER - -money market instruments exempt from
the Securities Act of 1933
, Which statement is TRUE regarding Banker's Acceptances? - ANSWER - -Banker's
Acceptances may be sold without a prospectus
Commercial Paper is a: - ANSWER - -money market instrument exempt from the
Securities Act of 1933
Which of the following securities are exempt from registration under the Securities
Act of 1933? - ANSWER - -Insurance company issues
-Bank issues
-Savings and loan issues
-Common carrier issues
Which of the following are exempt issues under the Securities Act of 1933? -
ANSWER - -Government Bonds
-Municipal Bonds
-State Chartered Bank Issues
-Small Business Investment Companies
Which of the following are exempt issues under the Securities Act of 1933 -
ANSWER - -Savings and Loan Issues
-U.S. Government Bonds
Which of the following is an exempt issue? - ANSWER - -Fixed annuity contract
Which of the following are non-exempt issues under the Securities Act of 1933? -
ANSWER - -Variable annuity contracts
-Listed option contracts
-Listed common stock
Which of the following are non-exempt securities under the Securities Act of 1933? -
ANSWER - -Commercial Paper maturing over 270 days
-Variable Annuity Contracts
Which of the following securities are EXEMPT from the registration requirements of
the Securities Act of 1933? - ANSWER - -Eurodollar Debt
-Foreign Government Debt
-Municipal Debt
Which of the following securities is NOT exempt from the Securities Act of 1933? -
ANSWER - -Industrial Company issues
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