Practice Quiz

FINRA Series 7

Category - Series 7

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Securities may be sold under SEC rule 144 provided that the following conditions are met:
  1. the company files regular financial data with the SEC
  2. they are sold in agency transactions only
  3. they are sold in principal transactions only
  4. both A and B
Explanation
Answer: A - the company files regular financial data with the SEC. Rule 144 transactions may use either agency or principal methods.
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