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FINRA Series 7

Category - Series 7

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Registration of open-end investment company shares with the SEC implies that the:

shares have investment merit
SEC approves the issue
SEC guarantees the accuracy of the disclosures in the registration statement
prospectus contains the significant facts about the issue

Explanation

Answer: D - prospectus contains the significant facts about the issue. The SEC never approves of guarantees an issue. It only attempts to verify that sufficient information is disclosed in the prospectus.

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FINRA Series 7

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