Unit3 Types of Prospectuses

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Across
  1. 3. Parents, brothers, and sisters, children in-laws. Uncles, aunts, and grandparents are not immediate family,
  2. 4. This is the final prospectus
  3. 7. Uniform Securities application, form includes name, address, any aliases used , 5 yr residency history, 10 yr employment history, must verify the past 3 yrs., Securities related misdemeanors or any felony, Marital status & education are not required.
  4. 9. Prohibits selling IPOs of common stock to a restricted person, The rule excludes anyone who only sells investment company products or variable contracts
  5. 12. Each B/D must have a minimum of 2 principals, Register each branch office with FINRA, have written supervisory procedures available in each branch office.
  6. 13. reps can sell, redeemable securities, closed end fund and securities int he primary and secondary markets
  7. 15. Supervises Series 6 Reps
  8. 16. Does not verify, endorse or approve a security, it clears the security to be sold
  9. 17. Contains the name of the issuer, type of security, effective date, price and members of the underwriting syndicate. Can be placed 20 day period or after the effective date
Down
  1. 1. This is a tombstone ad. Cannot contain an application to purchase
  2. 2. Known as the Securities Exchange Act, Also known as the people and place act, established and enforced by the SEC, established anti-fraud provisions. Deals with the secondary mkt and the extension of credit to customers. Exchange members, B/Ds and RR that trade on the OTC must register with SEC
  3. 5. Preliminary prospectus, used during the registration process to generate interest
  4. 6. Reps can sell redeemable securities, closed-end funds as IPOs
  5. 7. Uniform Termination Notice, Must file when terminating from a B/D, If not associated with a B/D for 2 consecutive yrs, must refile the U-4 and retake the exam., Finra retains jurisdiction for 2 yrs after termination.
  6. 8. A person that is a B/D member of FINRA, Officer or employee of a B/D, Lawyers and accountants of the issuer, portfolio managers, Anyone owning 10 or more of a member firm. Uncles, aunts, grandparents are not immediate unless financially dependent
  7. 9. Element must be completed by All RR, within 120 days of person's second registration anniversary and every 3 yrs thereafter
  8. 10. FINRA can deny or revoke an agent's registration if in the past 10 yrs, he has been convicted of any felony, misdemeanor involving securities
  9. 11. Element Mustbe completed by any representative who has direct contact with the public, required every year
  10. 14. Supervises Series 7 reps
  11. 15. A short form of the statutory prospectus. Can be used for sales, but must make reference to the availability of the statutory prospectus online or by mail