Series 7 - General Securities Representative Exam

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A Qualified institutional buyer (QIB)

Is a clearing firm investing at least $100 million in securities
A
Is a company that manages at least $10 million of securities on a discretionary basis
B
Is a registered broker-dealer investing at least $500 million in non-affiliate securities
C
Is a company that manages at least $100 million of securities on a discretionary basis
D

Explanations

A QIB is is a company that manages at least $100 million of securities on a discretionary basis

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