October Study Question of the Month

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Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.

Question

Relevant to the Series 7Series 62, Series 65Series 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.

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