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FINRA SIE quiz

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FINRA Securities Industry Essentials (SIE)
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When may intrastate offerings be resold to another resident of the same state?

  • (a)

    After 3 months

  • (b)

    After 6 months

  • (c)

    After 9 months

  • (d)

    Immediately

Intrastate (all in one state) offerings are exempt from SEC registration, but are still subject to state registration. Purchasers of these securities are subject to a 6 month holding period before the securities can be sold outside that state. However, the security can be immediately resold to another resident of that state.

When may intrastate offerings be resold to another resident of the same state?

Select the answer

After 3 months

After 6 months

After 9 months

Immediately