Series 7  General Securities Representative Exam
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If a $40 stock moved up 10% intraday  to $44.00 and the highest bid was also $44.00 for a period of 15 seconds, what would happen?
Trading will halt for 5 minutes and will reopen with new price bands once trading has commenced
A
Trading will halt for 5 minutes and will reopen; but only for trades below $44.00 for the remainder of the trading session
B
Trading will halt for the remainder of the session
C
Nothing  trading will not halt unless the stock is up over 20% intraday
D
Explanations
The SEC implemented the Limit Up  Limit Down rule to prevent erroneous trades and respond to periods of extraordinary volatility. A. Trading will halt for 5 minutes and will reopen with new price bands once trading has commenced IS the correct answer for the procedure on a $44.00 stock. Stocks below $3 have a 20% circuit breaker and stocks below $0.75 have a 75% circuit breaker.
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Basic
Part of the questions for each course

 Course
 Questions

 SIE
 20 of 150

 Series 6
 30 of 500

 Series 7
 50 of 625