The official title of the Series 79 is the Investment Banking Representative Exam. It is a licensing exam for professionals who want to become investment bankers. Topics include securities underwriting, mergers and acquisitions, and other activities related to investment banking. To register as an Investment Banking Representative, candidates must also pass the SIE exam. Start your test prep now with our free Series 79 practice exam.
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The term "soft dollar compensation" does not exclude:
Which of the following situations would invoke FINRA’s SD (statutory disqualification) provisions?
applicant was barred from an institution
applicant has a misdemeanor DUI
applicant was ticketed for reckless driving
applicant was fired from previous employment due to alleged AML violations
Reverse convertible notes are deemed least suitable for:
Individuals who qualify for naked options
An issuer has made a willful material omission in required disclosure documents. What action would an aggrieved investor be well-advised to take in this circumstance?
Take the firm to arbitration
Share in any penalties levied by the SEC
File a civil lawsuit against the officers
Pursue a criminal case against the issuer
SEC Rule 10b-4 holds that it is a manipulative and deceptive act to engage in:
SEC Rule 10b-9 makes reference to which of the following underwritings?
all of the above
When is the participation of syndicate members terminated?
when the member has sold out its allotment
when the managing underwriter terminates the underwriting
once the final order for purchase has been executed in the securities which have been allocated to the member
upon allocation of the allotment to the syndicate member
Which of the below receive the greatest percentage of the underwriting spread?
the manager as a result of the management fee
the selling group member as a result of selling shares
the syndicate member as a result of selling allotted shares
the member firms selling shares receiving the re-allowance
Javitz Securities has been hired by Spitzer Securities as its Qualified Independent Underwriter to take Spitzer public. The Corporate Finance Department requires the underwriting compensation documents to be filed by:
Both Javitz and Spitzer
Member firms going public are exempt from the CFD requirements
A customer with a discretionary account may be sold IPO shares in which the firm is a distribution participant:
if the member firm has received affirmative written approval from the client
if the member firm has received client approval in the form of a negative consent letter
so long as the securities are suitable for the client
under no circumstances
Short selling of the covered security under Reg. M within 5 business days of the pricing of the new issue:
is not restricted
requires the executing firm to be a passive market maker
is permitted if a member firm is acting in its capacity as a market maker
A NASDAQ-listed company is registering additional common shares which will be priced as of Friday, November 15th. A purchase of the new shares will not be deemed a violation of Rule 105 if the purchase of the new shares had shorted shares of the issuer on which of the below dates?
I. November 11th
II. November 8th
III. November 7th
IV. November 1st
III and IV
II, III and IV
all of these
Under the Act of ’33, a deficiency letter will have the most immediate impact on which of the following documents?
Under what circumstance may a Research Analyst accompany Investment Banking personnel to a road-show event?
if the analyst contributed information to the S-1
if FINRA approval is obtained
under no circumstances
none of the above
An SEC Rule 147 offering statement shall be filed with which of the below entities for its review?
SEC office in Washington, D.C.
SEC regional office covering the location of the headquarters of the Issuer
Administrator of the state in which the Issuer’s headquarters is located
All of the above