Series 66 Exam Lesson 55 Securities Act of 1933 Quiz 2024

Series 66 Exam Lesson 55 Securities Act of 1933 Quiz This is a Series 66 Exam Lesson 55 Securities Act of 1933 Quiz: a free quiz for Series 66 Exam Lesson 55 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over. Series 66 Exam Lesson 55 Securities Act of 1933 Quiz This is a Series 66 Exam Lesson 55 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen to the lesson over. Questions covered include 1. It is the law that requires companies to give full and fair disclosure of information if they want to go public. A. Investment Company Act of 1940 B. Dodd-Frank Act C. Securities Act of 1933 D. Securities Exchange Act of 1934 2. This is the registration statement that a company must file if the company wants to go public. A. Form 144-A B. Form D C. Form RS-1 D. Form S-1 3. The registration statement is filed with the ___. A. Financial Industry Regulatory Authority B. National Association of Securities Dealers C. New York Stock Exchange D. Securities and Exchange Commission 4. After the company that wants to go public has filed the registration statement, its investors can already trade their stocks publicly. A. True B. False 5. It contains full and fair disclosure about the company that is going public and the risks involved in investing in the company. (Select all that apply.) A. comprehensive prospectus B. final prospectus C. preliminary prospectus D. unabridged prospectus 6. The Securities Act of 1933 attempts to curb speculation in new issues securities by preventing the ability to margin stock or borrow against the new issues securities. A. True B. False 7. A person buys and sells stock in a regular account. Under current margin requirements set by the Federal Reserve board, he can margin his securities at ___. A. 50% B. 55% C. 60% D. 65% 8. When the SEC has confirmed that the company has given a full and fair disclosure of information, the company enters into a quiet period for ___ days. A. 10 B. 20 C. 25 D. 40 9. Which of the following is NOT allowed during the quiet period following the SEC’s confirmation of the company’s full and fair disclosure? (Select all that apply.) A. brokers soliciting orders to buy the stock B. company distributing their preliminary prospectus C. insiders selling the stock D. underwriters recommending the stock 10. If the SEC finds that there is no full and fair disclosure from the company that wants to go public, ___. (Select all that apply.) A. the SEC would send a deficiency letter back to the company and require additional disclosure B. the company would be charged of giving false, misleading, and/or inadequate information C. the company has to refile a registration statement addressing the concerns of the SEC D. the company’s operations would be suspended for 20 days before they could file another registration statement 11. Which of the following information is contained in the initial offering prospectus? (Select all that apply.) A. background of the officers and directors B. different risks of the offering C. final offering price on the new issue D. management discussion on what the company does 12. The purchaser of the stock must have the final prospectus prior to the settlement of the sale. A. True B. False 13. For initial public offerings, the company has ___ days to deliver the final prospectus to the customer after the order is taken. A. 20 B. 25 C. 40 D. 90 14. To sell a 144 stock, the holder of that stock must have held that stock fully paid for at least ___. A. four months B. six months C. one year D. two years 15. Which of the following is considered a control person? (Select all that apply.) A. officers B. directors C. 10% shareholders D. affiliated persons 16. An insider owns 15% of a publicly traded stock on electronic exchange. It would take him at least ___ days to dribble out and sell all of his stocks. A. 450 B. 900 C. 1350 D. 2700 17. Which of the following are exempt transactions under the Securities Act of 1933? (Select all that apply.) A. interstate transactions B. government bonds C. penny stocks D. private placements 18. In order to be qualified to purchase an exempt offering, an investor must be ___. (Select all that may apply.) A. a control person B. accredited C. an insider D. sophisticated 19. Anyone can buy private placements as long as the buyer is registered with the Securities and Exchange Commission. A. True B. False 20. The Securities and Exchange Commission does not require registration of Regulation D offerings. A. True B. False Series 66 Exam Lesson 55 Securities Act of 1933 Quiz We hope you did well on this ——————————— The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative. The other possible exam would be the series 65 examination. The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam ...