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Exam Series 6 All Questions

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Exam Series 6 topic 1 question 96 discussion

Actual exam question from FINRA's Series 6
Question #: 96
Topic #: 1
[All Series 6 Questions]

Which of the following is not one of the rules stipulated by the Securities Exchange Act of 1934?

  • A. All securities’ exchanges and SROs are required to register with the SEC.
  • B. All brokers and dealers are required to be members of a national securities association.
  • C. Investment companies are prohibited from using any sales literature that contains an omission of a material fact.
  • D. Firms are required to send copies of their annual reports to investors before an annual meeting at which directors are to be elected.
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Suggested Answer: C 🗳️
The rule prohibiting investment companies from using any sales literature that contains an omission of a material fact is not one of the rules stipulated by the Securities Exchange Act of 1934. This involves the market for new securities and, as such, is a rule stipulated by the Securities Act of 1933. The 1934 Act deals with the secondary market.
by lolojepu at April 6, 2025, 1:16 a.m.

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