Series 24 STC
A shelf registration may be used by - correct answer ✔Well-known seasoned
issuers and seasoned issuers only
A corporation has an ADTV value of $3 million and a public float value of $125
million. What's the restricted period for distribution participants in the issue? -
correct answer ✔Under Regulation M, the distributions participants of this
issue are subject to a one-day restriction during which the firms could only
function as passive market makers. There's no restriction if the issuer has an
ADTV value of at least $1 million and a public float value of at least $150
million.
3 Days
A corporation is about to go public with an OTC equity security. A broker-
dealer that sells the securities in the aftermarket is required to deliver a
prospectus to purchasers for how many days following the effective date of
registration? - correct answer ✔90 Days
SEC Rule 10b-18 - correct answer ✔Safe harbor for issuers to purchases its
own securities
If a penalty is assessed by a Hearing Panel, it generally becomes effective -
correct answer ✔No less than 30 days after the penalty is assessed
The filmed version of a television or video advertisement must be filed with an
SRO - correct answer ✔Within 10 business days of first use or broadcast
A shelf registration may be used by - correct answer ✔Well-known seasoned
issuers and seasoned issuers only
A corporation has an ADTV value of $3 million and a public float value of $125
million. What's the restricted period for distribution participants in the issue? -
correct answer ✔Under Regulation M, the distributions participants of this
issue are subject to a one-day restriction during which the firms could only
function as passive market makers. There's no restriction if the issuer has an
ADTV value of at least $1 million and a public float value of at least $150
million.
3 Days
A corporation is about to go public with an OTC equity security. A broker-
dealer that sells the securities in the aftermarket is required to deliver a
prospectus to purchasers for how many days following the effective date of
registration? - correct answer ✔90 Days
SEC Rule 10b-18 - correct answer ✔Safe harbor for issuers to purchases its
own securities
If a penalty is assessed by a Hearing Panel, it generally becomes effective -
correct answer ✔No less than 30 days after the penalty is assessed
The filmed version of a television or video advertisement must be filed with an
SRO - correct answer ✔Within 10 business days of first use or broadcast
