Series 7 - General Securities Representative Exam

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When transacting in an IPO, a final prospectus

Needs to be available to all purchasers for 30 days after the effective date
A
Needs to be available to all purchasers for 60 days after the effective date
B
Needs to be available to all purchasers for 90 days after the effective date
C
Needs to be available to all purchasers for 120 days after the effective date
D

Explanations

The correct answer is 90 days. When transacting in an IPO, a final prospectus needs to be available to all purchasers for 90 days after the effective date

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