Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.
Question
Relevant to the Series 7, Series 62, Series 65, Series 79, Series 82, and Series 99.
What is the holding period for restricted securities issued by a company that files reports with the SEC?
A. Six months
B. Nine months
C. Twelve months
D. Securities issued by a company that files with the SEC are never restricted
Answer: A. Rule 144 requires purchasers of restricted securities to hold them for a certain amount of time before they sell them. If the issuer is a company that files reports with the SEC, the holding period is six months. If the issuer is a non-reporting company, the holding period is 12 months.
a
Answer 6 months