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Series 6 Exam Study Guide with Complete Solutions On the 2-year anniversary of their registration and every 3 years thereafter. - Answer️️ -When must RRs complete the Regulatory Element of Continuing Education? True - Answer️️ -True or False: Firm Element Continuing Education requires ...

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  • September 25, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • series 6 exam study guide with complete solutions

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Series 6 Exam Study Guide with
Complete Solutions

On the 2-year anniversary of their registration and every 3 years thereafter. -

Answer✔️✔️-When must RRs complete the Regulatory Element of Continuing

Education?


True - Answer✔️✔️-True or False: Firm Element Continuing Education requires BDs to

update employees on job and product-related subjects.

U4 - Answer✔️✔️-To apply for a securities license, one must file Form _____ with FINRA.

Action (buy/sell), Amount (quantity), and Asset (security) - Answer✔️✔️-What three items

must be specified on a not held order

A not held order will be considered a day order. - Answer✔️✔️-For how long may a not

held order be maintained?

The Trust Indenture Act of 1939 regulates corporate bond offerings (NOT municipal or

government offerings). - Answer✔️✔️-The Trust Indenture Act of 1939 regulates

________________ offerings.

state and local tax. - Answer✔️✔️-Though subject to federal tax, interest on Treasuries is

exempt from ________ and ________ tax.




1/27

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
True. The interest is taxed at the federal, state, and local level. - Answer✔️✔️-True or

False: Interest paid on GNMA, FNMA, FHLMC, and SLMA agency bonds is fully taxable

to investors.

new issues. - Answer✔️✔️-The Securities Act of 1933 regulates _____________.

Provide investors with full and fair disclosure regarding new issues (prospectus) -

Answer✔️✔️-What is the primary purpose of the Securities Act of 1933?

False - Answer✔️✔️-True or False: The SEC judges an offering's investment merit and

provides approval.

Government/municipal bonds, commercial paper, bankers' acceptances, bank issues,

non-profit and small business issues - Answer✔️✔️-List the securities that are exempt

from registration.

anti-fraud - Answer✔️✔️-Though some securities are exempt from registration, nothing is

exempt from the ____________ provisions of the Act.

35 is the maximum number of non-accredited investors allowed in a Private Placement.

- Answer✔️✔️-____ is the maximum number of non-accredited investors allowed in a

Private Placement.

Yes, so potential purchasers can provide indications of interest. - Answer✔️✔️-May a

preliminary prospectus (red herring) be sent during the cooling-off period?

non-binding - Answer✔️✔️-Indications of interest are _______________ on both the

customer and BD.


2/27

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Return the check to the customer - Answer✔️✔️-What should an RR do if a client sends a

check to purchase securities going through the cooling-off period?

True - Answer✔️✔️-True or False: If a registration statement has not been filed with the

SEC, BDs may not discuss new issue information.

final offering price - Answer✔️✔️-The ____________________ will not appear in a red

herring.

Blue-Sky Laws - Answer✔️✔️-What rules govern the registration of an issue in any state

in which it will be offered?

true - Answer✔️✔️-True or False: Blue-Sky Laws apply to broker-dealers and agents

operating within a state.

the syndicate. - Answer✔️✔️-In a firm commitment underwriting, unsold securities are

retained by ________________.

the issuer - Answer✔️✔️-In a best-efforts underwriting, unsold securities are retained by

______________.

All-or-None - Answer✔️✔️-What type of underwriting is cancelled if the entire issue is not

sold?

Mini-max - Answer✔️✔️-What type of underwriting is cancelled if a specified portion is not

sold?

Stand-by - Answer✔️✔️-A ___________ underwriting is used for shares not purchased

through a rights offering.

3/27

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