Series 79: Chapter 1 Practice Question Answers

Chapter 1 Practice Question Answers

1. 1. Answer: A. An institutional investment manager that exercises investment discretion over at least $100 million of securities that are traded on stock exchanges or NASDAQ must file a Form 13F disclosing those holdings on a quarterly basis. Schedule 14A is used for proxy statements. Form 4 is used to disclose changes in the beneficial ownership of securities by insiders (e.g., directors, officers, and major stockholders) of publicly traded companies. Form 8-K is used by public companies to report material “current information” to shareholders.
2. 2. Answer: D. Form 10-K is the annual report that every public company must file with the SEC. The 10-K includes audited annual financial statements, so it is the basic document to go to for information about a public company’s finances. In most cases, it will also be necessary to look at one or more of the company’s 10-Qs, quarterly reports that contain unau