Section 1 Practice Quiz

1. An SEC provision allows an issuer to register a new issue security without selling the entire issue at once. The issuer may sell limited portions of the issuer over three years without reregistering the security or incurring penalties is called:

2. NYSE-listed stock transactions generally take place on the floor of the NYSE. However, when they occur off the floor, this is referred to as a:

3. The term ‘Issuer’ may refer to:

4. The principal difference between a broker-dealer and an investment adviser is:

5. Key economic variables that economists use to predict a new phase of the economy:

6. Transactions initiated by the client and not the agent is known as:

7. The Securities Investor Protection Corporation (SIPC) protects securities investors by providing:

8. Setting a minimum level for number of shares to sold is known as:

9. Function under SEC’s oversight. Each SRO is accountable to the commission for enforcing federal securities as well as supervising securities practices within assigned jurisdiction (FINRA, CBOE, MSRB)

10. The exchange-listed stock traded OTC primarily by institutional investors:

11. The underlying equation of a corporation’s balance sheet is commonly expressed as:

12. A group of broker-dealers or investment that work with an issuer to bring its securities to the market and help them sell it to the public:

13. Self-regulatory organizations (SROs) include each of the following except:

14. The ADR is an investment vehicle best known for:

15. Treasury stock: