Series 10 Exam Question 39: Answer and Explanation

Question: 39

The SEC has been reviewing a company's registration statement and would like clarification on a few items. It would most likely:

• A. Call the company.
• B. Issue a stop order.
• C. Issue a deficiency letter.
• D. Call the lead underwriter.

Correct Answer: C

Explanation:

Anytime the SEC wants more information, it would most likely issue a deficiency letter.