SIE Exam Practice Question 314
Question: 314
Which of the following is not an example of a restricted person under FINRA rules?
Correct Answer: C
Explanation:
C - Restricted persons include immediate family members of restricted persons. Immediate family members under this rule include spouses, siblings, children, parents, and in-laws. Grandparents, aunts, uncles, cousins, and ex-spouses are not considered restricted persons and therefore can freely invest in IPOs.
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