Series-7 Exam Dumps - FINRA General Securities Representative Questions and Answers

all of the above are required. An intrastate offering under Rule 147 requires qualification under all of these conditions.

this is permissible. Firms may establish house rules as long as they are at least as strict as the minimum maintenance requirements. Reg T only dictates an initial requirement and does not address minimum equity.

interstate mail fraud in securities offerings. Blue Sky laws are state security laws and do not cover interstate regulations.

the longest maturity. These bonds are called first because the municipality will save the interest costs for the longest period of time.

European style. These options can only be exercised at the expiration date while American style options can be exercised at any time prior to expiration.

physically protects the fund’s assets. The custodian holds the assets of the fund. The transfer agent redeems and issues fund shares.

by competitive biding. The quoted prices for treasury bonds-as with all negotiable securities-is determined in the market by competitive biding.

all of the above. The gross spread (or “underwriting spread”) depends upon all of these factors.

preemptive rights. Holders of ADRs do not have preemptive rights, although they have most other rights of shareholders, including the right to vote for board members-even a mother-in-law

all of the above. All of the choices are required information for the registered representative to obtain.