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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 54 Topic 6 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 54 Topic 6 Discussion

SIE Exam Topic 6 Question 54 Discussion:
Question #: 54
Topic #: 6

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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