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FINRA Series 7

Category - Series 7

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The FINRA markup policy applies to:

agency sales OTC
principal transactions in municipal bonds
mutual fund sales
new issues of corporate securities

Explanation

Answer: A - agency sales OTC. Markup policy applies to basically all securities other than government and municipal offerings expect where the security is offered under a current prospectus. Choices C and D are offered under a prospectus. Choice B involves municipal securities. Therefore choice A is the only correct answer.

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FINRA Series 7

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FINRA Series 7

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