FINRA Series 7 – General Securities Representative — Question 7

Under Rule 415 a corporation may file a single registration statement with the SEC covering its anticipated financing need for the next:

Answer options

• A. one year
• B. two years
• C. three years
• D. five years

Correct answer: B

Explanation

The correct answer is B, as Rule 415 permits a corporation to file a registration statement for a period of up to two years. Options A, C, and D are incorrect because they do not align with the two-year timeframe specified by the rule.