100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Series 24 crunch time facts Question and answers correctly solved 2024/2025 $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. SERIES 24
  4.  
  5. SERIES 24

Exam (elaborations)

Series 24 crunch time facts Question and answers correctly solved 2024/2025
 0 view  0 purchase
  • Course
  • SERIES 24
  • Institution
  • SERIES 24

Series 24 crunch time facts Question and answers correctly solved 2024/2025 Series 24 crunch time facts Chapter 1 - correct answer o The Effective Date of an IPO is determined by the SEC (NOT FINRA or the issuer). o If the SEC sues an issuer and underwriter for false statements and/or materi...

[Show more]

Preview 2 out of 14  pages

Document information

  • September 28, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • series 24 crunch time facts
  • series 24 crunch time facts question and answers c

Written for

  • SERIES 24
  • SERIES 24

Seller

avatar-seller
Academia199

Reviews received

Content preview

Series 24 crunch time facts
Chapter 1 - correct answer ✔o The Effective Date of an IPO is determined
by the SEC (NOT FINRA or the issuer).
o If the SEC sues an issuer and underwriter for false statements and/or
material omissions in a prospectus, the customer may still file a lawsuit
against both the issuer and the underwriter.
o What would preclude an issuer from obtaining WKSI status? Involvement in
bankruptcy in the past 3 years.
o Prospectus Delivery requirement for a Reporting Company follow-on
offering is 0 days from the offering date.
o Prospectus Delivery requirement for an IPO that will be listed is 25 days
from the effective date.
o Prospectus Delivery requirement for an unlisted follow-on offering is 40 days
from the effective date.
o Prospectus Delivery requirement for an IPO that will NOT be listed is 90
days from the effective date.
o An issuer that loses its WKSI status after filing an Automatic Shelf
Registration (ASR) may continue that offering until the next Form 10-K is filed.
o A registered representative (RR) receives a check from a client to reserve
shares of an IPO during the cooling-off period. What do you instruct the RR to
do? Return the check.
o Reg. A (maximum of $5 million) offerings can be offered to the public.
o Reg A+ permits offerings of up to $50 million
o The look-back period for a Reg. A offering is 12 months.
o A Reg. 147 offering is restricted from out of state resales for 9 months.
o A partnership may purchase a 147 offering even if some partners are not in-
state residents.
o Reg. D buyers sign an investment letter (typically agreeing to a 6 month
lock-up period) .

, o Private placement/Reg. D--Issuers must issue stop transfer instructions to
transfer agent to ensure that no illegal sales take place.
o Can a Purchaser's Representative be affiliated with the issuer? No, unless
the representative is related to the investor.
o If a partner


Chapter 2 - correct answer ✔o A tender offer is NOT considered to be a type
of distribution.
o Foreign broker-dealers may join a syndicate to sell outside of the U.S. even
if they are not FINRA members.
o An Escrow Account is NOT required for a Firm-Commitment underwriting.
o All-or-none and mini-maxi are contingencies. Contingent underwritings
require an escrow account.
o A Market-Out clause protects the underwriter from event risk during the
underwriting.
o A Section 11 (Due Diligence) defense protects the underwriter from false
statements made by the issuer in offering documents.
o The final settlement of a syndicate account must occur within 90 days
following the date on which the securities are delivered to the underwriter.
o Underwriting compensation of options or warrants with duration of greater
than 5 years is considered unreasonable.
o Securities received as underwriting compensation are restricted for 6
months from the effective date.
o FINRA's Corporate Financing Rule requires the filing of the underwriting
agreement (if not eligible for an exemption).
o When might the participation of a qualified independent underwriter be
required? When there is a conflict of interest involving the issuer and
underwriter of a security.
o The Reg. M exemption applies to actively traded securities (ADTV $1MM
and MV of public float $150MM).
o Reg. M Passive Market Making is allowed up to the Daily Purchase Limit.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75619 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart