Series 7 - General Securities Representative Exam
Training Mode
Which of the following are true of control securities?
They are covered by Rule 144 and Sellers of these securities must wait through the holding period to selling the securities to the public
A
Sellers of these securities must wait through the holding period to selling the securities to the public, They always represent 20% or more a corporation’s outstanding shares, They can only be shares owned by a single investor who owns 15 percent or more of a corporation’s preferred stock
B
They are covered by Rule 144, Sellers of these securities must wait through the holding period to selling the securities to the public, They always represent 20% or more a corporation’s outstanding shares, They can only be shares owned by a single investor who owns 15 percent or more of a corporation’s preferred stock
C
They are covered by Rule 144 only
D