SIE Mastery Exam 3 Review Questions with 100% correct answers |already passed

Which of the following securities is NOT exempt from the Securities Act of 1933? A. Municipal revenue bond issues B. Common carrier issues C. Income bond issues D. U.S. Government bond issues - C. Income bond issues Which of the following activities is allowed prior to the filing of the registration statement? A. Sending a customer a "red herring" preliminary prospectus B. Accepting an indication of interest from the customer after sending the red herring C. Accepting a deposit to buy the security from the customer D. None of the above - D. None of the above When the Securities and Exchange Commission sets the effective date for a new issue in registration, this means that the: A. SEC has approved the offering for sale to the public B. SEC has certified that the offering documents give full and fair disclosure C. proper documents for registration have been filed with the SEC D. effective cost to potential purchasers has been established by the SEC - C. proper documents for registration have been filed with the SEC If the Securities and Exchange Commission sets the effective date for a new issue in registration, which statement is FALSE? A. All proper documents have been filed with the SEC B. The SEC approves of the new issue C. The issue may be priced D. The issue may be offered to the public - B. The SEC approves of the new issue Which of the following best describes a tombstone announcement? A. It is an advertisement that is used to solicit the public to buy a new registered securities offering B. It is the document that is sent to prospective investors to give them information about the new securities offering C. It is the disclosure document that gives the purchaser the most complete information about a new securities offering D. It is an announcement of a new issue offering that is being registered with the SEC