SIE Exam Question 510: Answer and Explanation

Question: 510

XYZ has just gone public and is quoted on the Nasdaq Capital Market securities market. Any investor who buys XYZ must get a prospectus for how long?

• A. 60 days.
• B. 45 days.
• C. 30 days.
• D. 25 days.

Correct Answer: D

Explanation:

D: Purchasers of stock that has just gone public must get a prospectus for 25 days if the stock is Nasdaq listed.