SIE Exam Practice Question 12

Correct Answer: D

Explanation:

A research report that contains ratings must define the meaning of each rating; the percentage of all securities rated by the member to which the member would assign a "buy," "hold/neutral," or "sell" rating must be disclosed; and the member must disclose the percentage of subject companies within the "buy," "hold/neutral," and "sell" ratings for whom the member has provided investment banking services within the previous 12 months.