SIE Exam Question 889: Answer and Explanation

Question: 889

Which of the following rules addresses the registration and resale requirements for securities issued in a merger, consolidation, acquisition of assets, or reclassification of securities?

• A. Securities Act Rule 145
• B. Securities Act Rule 172
• C. Securities Act Rule 238
• D. Securities Act Rule 405

Correct Answer: A

Explanation:

Securities Act Rule 145 addresses the registration and resale requirements for securities issued in a merger, consolidation, acquisition of assets, or reclassification of securities.