SIE Exam Question 447: Answer and Explanation

Question: 447

A syndicate has published a tombstone ad prior to the issue becoming effective. Which of the following must appear in the tombstone?

I. A statement that the ad is not an offer to sell the securities.

II. No commitment statement.

III. Contact information.

IV. A statement that the registration has not yet become effective.

• A. I and II.
• B. II and III.
• C. III and IV.
• D. All of the above

Correct Answer: D

Explanation:

D: All of the items listed must appear in the tombstone ad.