Series 7 - General Securities Representative Exam
An investor is involved with ARS - Auction Rate Securities. He wants to sell the ARS. How does he sell his ARS position?
Sell them on the open marketA
Sell them at the next auctionB
Sell them directly back to the issuerC
They cannot be soldD
ARSs cannot be sold on the open market. They can only be sold to another investor at the next auction