Series 7 - General Securities Representative Exam
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SEC Rule 15g-1 governs penny stock transactions. Under the rule, customers that are holding penny stock positions must be sent
A weekly account statement
A
A monthly account statement
B
A quarterly account statement
C
A daily account statement
D
Explanations
The monthly account statement must contain the market value, number of shares and issuer's name along with other details required in an account statement