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Series 6 Exam Study Guide

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Series 6 Exam Study Guide On the 2-year anniversary of their registration and every 3 years thereafter. - >>>>When must RRs complete the Regulatory Element of Continuing Education? True - >>>>True ... or False: Firm Element Continuing Education requires BDs to update employees on job and product-related subjects. U4 - >>>>To apply for a securities license, one must file Form _____ with FINRA. Action (buy/sell), Amount (quantity), and Asset (security) - >>>>What three items must be specified on a not held order A not held order will be considered a day order. - >>>>For how long may a not held order be maintained? The Trust Indenture Act of 1939 regulates corporate bond offerings (NOT municipal or government offerings). - >>>>The Trust Indenture Act of 1939 regulates ________________ offerings. state and local tax. - >>>>Though subject to federal tax, interest on Treasuries is exempt from ________ and ________ tax. True. The interest is taxed at the federal, state, and local level. - >>>>True or False: Interest paid on GNMA, FNMA, FHLMC, and SLMA agency bonds is fully taxable to investors. new issues. - >>>>The Securities Act of 1933 regulates _____________. Provide investors with full and fair disclosure regarding new issues (prospectus) - >>>>What is the primary purpose of the Securities Act of 1933? False - >>>>True or False: The SEC judges an offering's investment merit and provides approval. Government/municipal bonds, commercial paper, bankers' acceptances, bank issues, non-profit and small business issues - >>>>List the securities that are exempt from registration. anti-fraud - >>>>Though some securities are exempt from registration, nothing is exempt from the ____________ provisions of the Act. 35 is the maximum number of non-accredited investors allowed in a Private Placement. - >>>>____ is the maximum number of non-accredited investors allowed in a Private Placement. Yes, so potential purchasers can provide indications of interest. - >>>>May a preliminary prospectus (red herring) be sent during the cooling-off period? non-binding - >>>>Indications of interest are _______________ on both the customer and BD. Return the check to the customer - >>>>What should an RR do if a client sends a check to purchase securities going through the cooling-off period? True - >>>>True or False: If a registration statement has not been filed with the SEC, BDs may not discuss new issue information. final offering price - >>>>The ____________________ will not appear in a red herring. Blue-Sky Laws - >>>>What rules govern the registration of an issue in any state in which it will be offered? true - >>>>True or False: Blue-Sky Laws apply to broker-dealers and agents operating within a state [Show More]

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