SIE Exam Question 921: Answer and Explanation

Question: 921

The "cooling-off period," which transpires between the filing of a new issue's prospectus and the actual offering of the issue, must be a minimum of how many days?

• A. 7 days
• B. 10 days
• C. 20 days
• D. 30 days

Correct Answer: C

Explanation:

The "cooling-off period," which transpires between the filing of a new issue's prospectus and the actual offering of the issue, must be a minimum of 20 days.