SIE Exam Practice Question 352
Question: 352
As part of Rule 144A, the SEC created another category of financially sophisticated investors known as
Correct Answer: D
Explanation:
D - QIBs generally are institutions or other entities that, in aggregate, own and invest (on a discretionary basis) at least $100 million in securities. Under Rule 144A, QIBs can freely trade private placements among themselves.
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