Series 7 - General Securities Representative Exam

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Which of the following is an aspect of The Securities Act of 1933?

It created FINRA
A
It regulates margin requirements
B
It only applies to Series 53 licensees
C
requires full and fair disclosure of material information regarding new issues
D

Explanations

FINRA was created in 2007 and was previously known as NASD from 1939 - 2007. It does not regulate margin requirements and does not apply solely to Series 53 licensees. It covers the federal registration of new issues.

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