SIE practice questionhardAccount Types – Regulation A+
A client invests in unregistered securities through a Regulation A+ offering. Which account type may be used for this?
- ACash or margin account, if suitable✓ Correct answer
- BOnly margin accounts
- COnly trust accounts
- DOnly custodial accounts
Explanation
Why A — Cash or margin account, if suitable
Reg A+ securities may be bought in a cash or margin account, subject to suitability and firm policy. Trust and custodial accounts are not specifically required.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Capital Markets & Offerings questions
- An investor wishes to participate in a private placement under Regulation D. Which statement is TRUE?
- A U.S. investor wants to purchase unregistered securities sold overseas under Regulation S. In what type of account…
- A customer opens an account to purchase new shares in an IPO. Which regulation ensures the customer receives a…
- Broker-dealers must report suspicious activities in which type of account?
- A U.S. company sells new securities in an account outside the U.S. under Regulation S. What is TRUE?
- A high-net-worth individual wants to invest in a private placement under Regulation D. In which type of account would…
- Who is primarily responsible for enforcing regulations against market manipulation in the secondary markets?
- A corporate issuer wants to raise capital in the U.S. public markets. Under the Securities Act of 1933, they must: