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FINRA Series 7

Category - Series 7

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Which of the following holders of unregistered stock is precluded from selling shares under Rule 144?

an institutional investor
an officer of the issuing corporation
a broker/dealer firm
a holder of more than 10% of the outstanding stock

Explanation

Answer: C - a broker/dealer firm. A broker/dealer cannot use Rule 144 when selling stock.

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FINRA Series 7

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FINRA Series 7

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