Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
certdemy practice questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
Regarding filing requirements, no sales of securities subject to the Rule shall commence unless if —.
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Requirement for Filing
No sales of securities subject to this Rule shall commence unless: FINRA has provided an opinion that it has no objections to the proposed underwriting and other terms and arrangements or an opinion that the proposed underwriting and other terms and arrangements are unfair and unreasonable. If FINRA’s opinion states that the proposed underwriting and other terms and arrangements are unfair and unreasonable, the member may file modifications to the proposed underwriting and other terms and arrangements for further review.Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Requirement for Filing
No sales of securities subject to this Rule shall commence unless: FINRA has provided an opinion that it has no objections to the proposed underwriting and other terms and arrangements or an opinion that the proposed underwriting and other terms and arrangements are unfair and unreasonable. If FINRA’s opinion states that the proposed underwriting and other terms and arrangements are unfair and unreasonable, the member may file modifications to the proposed underwriting and other terms and arrangements for further review. -
Question 2 of 10
2. Question
Regarding requirement for filing, which of the following statement(s) is/are correct about the member acting as a managing underwriter or in a similar capacity that has been informed of an opinion by FINRA?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Requirement for Filing
Any member acting as a managing underwriter or in a similar capacity that has been informed of an opinion by FINRA, or a determination by the appropriate standing committee of the Board of Governors, that the proposed underwriting terms and arrangements of a proposed offering are unfair or unreasonable, and the proposed terms and arrangements have not been modified to conform to the standards of fairness and reasonableness, shall notify all other members proposing to participate in the offering of that opinion or determination at a time sufficiently prior to the effective date of the offering or the commencement of sales so the other members will have an opportunity as a result of specific notice to comply with their obligation not to participate in any way in the distribution of a public offering containing arrangements, terms and conditions that are unfair or unreasonable.Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Requirement for Filing
Any member acting as a managing underwriter or in a similar capacity that has been informed of an opinion by FINRA, or a determination by the appropriate standing committee of the Board of Governors, that the proposed underwriting terms and arrangements of a proposed offering are unfair or unreasonable, and the proposed terms and arrangements have not been modified to conform to the standards of fairness and reasonableness, shall notify all other members proposing to participate in the offering of that opinion or determination at a time sufficiently prior to the effective date of the offering or the commencement of sales so the other members will have an opportunity as a result of specific notice to comply with their obligation not to participate in any way in the distribution of a public offering containing arrangements, terms and conditions that are unfair or unreasonable. -
Question 3 of 10
3. Question
Regarding Filing Requirements, which of the following statement(s) is/are untrue while doing documents to be filed?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Documents to be Filed
The following documents relating to all proposed public offerings of securities that are required to be filed under paragraph (b)(4) above shall be filed through FINRA’s electronic filing system for review:
(i) The registration statement, offering circular, offering memorandum, notification of filing, notice of intention, application for conversion and/or any other document used to offer securities to the public;
(ii) Any proposed underwriting agreement, agreement among underwriters, selected dealers agreement, agency agreement, purchase agreement, letter of intent, consulting agreement, partnership agreement, underwriter’s warrant agreement, escrow agreement, and any other document that describes the underwriting or other arrangements in connection with or related to the distribution, and the terms and conditions relating thereto; and any other information or documents that may be material to or part of the said arrangements, terms and conditions and that may have a bearing on FINRA’s review;
(iii) Each pre- and post-effective amendment to the registration statement or other offering document, with a copy marked to show changes; and any other amended document previously filed pursuant to subparagraphs (i) and (ii) above, with a copy marked to show changes; and
(iv) The final registration statement declared effective by the SEC or equivalent final offering document and a list of the members of the underwriting syndicate, if not indicated therein, and one copy of the executed form of the final underwriting documents and any other document submitted to FINRA for review.Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Documents to be Filed
The following documents relating to all proposed public offerings of securities that are required to be filed under paragraph (b)(4) above shall be filed through FINRA’s electronic filing system for review:
(i) The registration statement, offering circular, offering memorandum, notification of filing, notice of intention, application for conversion and/or any other document used to offer securities to the public;
(ii) Any proposed underwriting agreement, agreement among underwriters, selected dealers agreement, agency agreement, purchase agreement, letter of intent, consulting agreement, partnership agreement, underwriter’s warrant agreement, escrow agreement, and any other document that describes the underwriting or other arrangements in connection with or related to the distribution, and the terms and conditions relating thereto; and any other information or documents that may be material to or part of the said arrangements, terms and conditions and that may have a bearing on FINRA’s review;
(iii) Each pre- and post-effective amendment to the registration statement or other offering document, with a copy marked to show changes; and any other amended document previously filed pursuant to subparagraphs (i) and (ii) above, with a copy marked to show changes; and
(iv) The final registration statement declared effective by the SEC or equivalent final offering document and a list of the members of the underwriting syndicate, if not indicated therein, and one copy of the executed form of the final underwriting documents and any other document submitted to FINRA for review. -
Question 4 of 10
4. Question
Regarding Documents to be Filed, which of the following is/are correct that shall be filed through FINRA’s electronic filing system for review?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Documents to be Filed
Any proposed underwriting agreement, agreement among underwriters, selected dealers agreement, agency agreement, purchase agreement, letter of intent, consulting agreement, partnership agreement, underwriter’s warrant agreement, escrow agreement, and any other document that describes the underwriting or other arrangements in connection with or related to the distribution, and the terms and conditions relating thereto; and any other information or documents that may be material to or part of the said arrangements, terms and conditions and that may have a bearing on FINRA’s review;Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Documents to be Filed
Any proposed underwriting agreement, agreement among underwriters, selected dealers agreement, agency agreement, purchase agreement, letter of intent, consulting agreement, partnership agreement, underwriter’s warrant agreement, escrow agreement, and any other document that describes the underwriting or other arrangements in connection with or related to the distribution, and the terms and conditions relating thereto; and any other information or documents that may be material to or part of the said arrangements, terms and conditions and that may have a bearing on FINRA’s review; -
Question 5 of 10
5. Question
Regarding Documents to be Filed, which of the following documents is/are true relating to all proposed public offerings of securities that are required to be filed?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Documents to be Filed
Documents that are filed with the SEC through the SEC’s Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) System that are referenced in FINRA’s electronic filing system shall be treated as filed with FINRA.Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Documents to be Filed
Documents that are filed with the SEC through the SEC’s Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) System that are referenced in FINRA’s electronic filing system shall be treated as filed with FINRA. -
Question 6 of 10
6. Question
Regarding Information Required to be Filed, which of the following point(s) any person filing documents with FINRA shall not provide?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the following information with respect to the offering through FINRA’s electronic filing system:
(i) An estimate of the maximum public offering price;
(ii) An estimate of the maximum underwriting discount or commission;
(iii) Maximum reimbursement of underwriter’s expenses, and underwriter’s counsel’s fees
(iv) A statement of the association or affiliation with any participating member of any officer or director of the issuer,Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the following information with respect to the offering through FINRA’s electronic filing system:
(i) An estimate of the maximum public offering price;
(ii) An estimate of the maximum underwriting discount or commission;
(iii) Maximum reimbursement of underwriter’s expenses, and underwriter’s counsel’s fees
(iv) A statement of the association or affiliation with any participating member of any officer or director of the issuer, -
Question 7 of 10
7. Question
Regarding information required to be filed, what is the rate of percentage of any beneficial owner of any class of the issuer’s securities?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the information with respect to the offering through FINRA’s electronic filing system : A statement of the association or affiliation with any participating member of any officer or director of the issuer, of any beneficial owner of 5% or more of any class of the issuer’s securities, and of any beneficial owner of the issuer’s unregistered equity securities that were acquired during the 180-day period immediately preceding the required filing date of the public offering,Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the information with respect to the offering through FINRA’s electronic filing system : A statement of the association or affiliation with any participating member of any officer or director of the issuer, of any beneficial owner of 5% or more of any class of the issuer’s securities, and of any beneficial owner of the issuer’s unregistered equity securities that were acquired during the 180-day period immediately preceding the required filing date of the public offering, -
Question 8 of 10
8. Question
Which of the following statement(s) is/are not identified while filing requirements the information required to be filed?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
A statement of the association or affiliation with any participating member of any officer or director of the issuer, of any beneficial owner of 5% or more of any class of the issuer’s securities, and of any beneficial owner of the issuer’s unregistered equity securities that were acquired during the 180-day period immediately preceding the required filing date of the public offering, except for purchases described in paragraph (c)(3)(B)(iv) below. This statement must identify:
a. the person;
b. the member; and
c. the number of equity securities or the face value of debt securities owned by such person, the date such securities were acquired, and the price paid for such securities.Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
A statement of the association or affiliation with any participating member of any officer or director of the issuer, of any beneficial owner of 5% or more of any class of the issuer’s securities, and of any beneficial owner of the issuer’s unregistered equity securities that were acquired during the 180-day period immediately preceding the required filing date of the public offering, except for purchases described in paragraph (c)(3)(B)(iv) below. This statement must identify:
a. the person;
b. the member; and
c. the number of equity securities or the face value of debt securities owned by such person, the date such securities were acquired, and the price paid for such securities. -
Question 9 of 10
9. Question
While filing documents with FINRA, which of the following information with respect to the offering through FINRA’s electronic filing system any person shall provide?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the information with respect to the offering through FINRA’s electronic filing system: An estimate of the maximum underwriting discount or commission; maximum reimbursement of underwriter’s expenses, and underwriter’s counsel’s fees (except for reimbursement of “blue sky” fees); maximum financial consulting and/or advisory fees to the underwriter and related persons; maximum finder’s fees; and a statement of any other type and amount of compensation which may accrue to the underwriter and related persons;Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the information with respect to the offering through FINRA’s electronic filing system: An estimate of the maximum underwriting discount or commission; maximum reimbursement of underwriter’s expenses, and underwriter’s counsel’s fees (except for reimbursement of “blue sky” fees); maximum financial consulting and/or advisory fees to the underwriter and related persons; maximum finder’s fees; and a statement of any other type and amount of compensation which may accrue to the underwriter and related persons; -
Question 10 of 10
10. Question
While filing requirements – information required to be filed, how long did a detailed explanation of any other arrangement enter into immediately preceding the required filing date of the public offering?
Correct
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the following information with respect to the offering through FINRA’s electronic filing system: A detailed explanation of any other arrangement entered into during the 180-day period immediately preceding the required filing date of the public offering, which arrangement provides for the receipt of any item of value or the transfer of any warrants, options, or other securities from the issuer to the underwriter and related persons, provided however.Incorrect
5110. Corporate Financing Rule — Underwriting Terms and Arrangements
Filing Requirements: Information Required to be Filed
Any person filing documents with FINRA pursuant to subparagraph (4) above shall provide the following information with respect to the offering through FINRA’s electronic filing system: A detailed explanation of any other arrangement entered into during the 180-day period immediately preceding the required filing date of the public offering, which arrangement provides for the receipt of any item of value or the transfer of any warrants, options, or other securities from the issuer to the underwriter and related persons, provided however.