Series 79 questions with complete solution 2024

Series 79 Private placements can be sold to (Reg. D): - correct answer Unlimited number of accredited investors, and up to 35 non-accredited investors Accredited investors - correct answer Officers/directors of an Issuer Financial institutions (regardless of their assets) Trusts & Business Partnerships with $5mm+ in assets Individuals with $200k+ in income or $1mm+ of net worth What is the threshold for defining a large accelerated filer? - correct answer $700mm worldwide non-affiliate market capitalization (voting + non-voting stock) (Same size requirement as WKSIs Do you use Market Value or Book Value of equity for calculating Debt-to-Capitalization? - correct answer Book Value Complaint - correct answer Any written grievance Must be forwarded to a principal immediately upon receipt Schedule 14A - correct answer (Definitive) Proxy Statement Required prior to a regular or special SH meeting; must be filed before soliciting a SH vote An investment banker doing due diligence on a target company would be least likely to interview: - correct answer Target company's largest SH (non-public info; potential competing bid)