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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 16 Topic 2 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 16 Topic 2 Discussion

SIE Exam Topic 2 Question 16 Discussion:
Question #: 16
Topic #: 2

Before an affiliate of an issuer is permitted to sell 10,000 shares of restricted securities, which of the following conditions must be met?


A.

The affiliate must have a holding period of six months.


B.

The company must be traded on a listed stock exchange.


C.

The issuer must notify FINRA of the proposed sale by submitting a Form 144.


D.

The shares to be sold must be less than 10% of the average daily trading volume (ADTV) of the security.


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