Series 79: Common Control

Taken from our FINRA Investment Banking Exam

Definition of the term Common Control...

what two companies are said to be under when the same person has control over both. This doesn’t mean complete control, but rather the power to direct company decisions. For most purposes, companies are considered to be under common control if they share an officer, director, or beneficial owner of more than 10% of a class of each company's stock.

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