Practice Quiz

FINRA Series 6

Category - Series 6

Start a Study Session Sign up for Question of the Day
Which of the following securities is not exempt from registration requirements?
  1. private-placement variable universal life insurance
  2. a revenue bond issued by the state of Florida to raise money to build an airport
  3. a bond issued by the U.S. post office
  4. a new issue of stock issued by a corporation that already has shares of its stock trading on the NYSE
Explanation
Answer: D - A new issue of stock issued by a corporation that already has shares of its stock trading on the NYSE is not exempt from registration requirements. Private placements, municipal bonds, and bonds issued by U.S. government agencies are all exempt from registration requirements.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz