Series 6 Unit 1.6-1.7

Which of the following trades would take place in the primary market?

-IPO -Municipal bonds selling through syndicate

In order to qualify for an exemption from registering with the SEC under Rule 506, which of the following is true?

-If selling to nonaccredited investors, general solicitation is not allowed. -Advertising is allowed if only accredited investors may purchase the securities.

A meeting between the issuer and underwriter to ensure that the prospectus is true and accurate is called:

a due diligence meeting

The Securities and Exchange Commission regulates all of the following EXCEPT:

intrastate securities offerings.

All of the following are exempt securities EXCEPT:

municipal bond funds.

TCB wants to offer $7 million worth of common stock in its home state and in three other states. To clear the offer for sale, TCB must file a(n):

registration statement.

Under which of the following terms does the underwriter act in a dealer capacity?

Firm Commitment

Which of the following may a registered representative use to solicit an order for open-end investment company shares?

Prospectus and Summary Prospectus