Series 79 questions with verified solution 2024

Series 79 10-Ks - correct answer Non-accelerated filers: 90 days Accelerated filers: 75 days Large accelerated filers: 60 days 10-Qs - correct answer Non-accelerated filers: 45 days Accelerated filers: 40 days Large accelerated filers: 40 days 8-K - correct answer Must be filed WITHIN 4 BUSINESS DAYS after triggering event Schedule 13-D (D comes before G) - correct answer A person, or a group of persons acting together, who directly or indirectly acquires beneficial ownership of more than 5% (but less than 20%***) of a voting class of the securities of a public company must file a Schedule 13-D with the SEC - Must be done within 10 days after the purchase - Once a Schedule 13D is on file, the purchaser must file an amended schedule whenever there is a material change in the person's beneficial ownership. (The SEC considers a "material change" to involve at least 1% of the class of securities owned) - If the person's ownership falls below 5%, the person must file an amended schedule indicating this, and then the person's filing obligation ends Schedule 13-G (D comes before G) - correct answer Certain institutional investors, such as investment companies, banks, insurance companies, broker-dealers, and investment advisers, are eligible to use the shorter Schedule 13-G instead of Schedule 13D, provided both of the following are true: (1) The purchase is made in the normal course of the buyer's business