SIE Exam Practice Question 441

Question: 441

Which of the following is true of a new issue?

A. A broker-dealer can accept payment from a new customer only if the preliminary prospectus is amended.

B. A broker-dealer can accept payment from a new customer when the red herring is delivered.

C. A broker-dealer can accept payment from a new customer when the registration is effective.

D. A broker-dealer can accept payment from a new customer during and toward the end of the cooling off period.