Series 79 questions and answers rated A+ 2024

Series 79Rule 144 - correct answer Provides a safe harbor for permitting the sale of restricted and affiliate securities, without requiring registration Market Out Clause - correct answer Within an underwriting agreement, describes the circumstances under which an underwriter can cancel a purchase agreement without penalty Where are syndicate expenses deducted from? - correct answer The underwriting fee How long before do you need to register for an IPO to be unrestricted? - correct answer 12 Months Can a company cancel its sale after first round bids? - correct answer Yes, the only problem is that it may hurt reputation The Trust Indenture Act of 1939 - correct answer Requires corporate issuers to appoint an independent trustee to act as the benefit of the bondholders What is a statutory disqualification? - correct answer This occurs when an individual or member firm has violated securities regulations and has been barred suspended, expelled, enjoined, etc. You must report this to FINRA, and certain people get to come back What does high operating leverage mean? - correct answer High fixed costs Rule 144 on trade levels for corporate insiders - correct answer A corporate insider can sell the greater of 1% of outstanding shares or the average weekly trading volume over the previous four weeks. Statutory disqualification is involved in how many years? - correct answer A felony or misdemeanor involving securities within the past ten years