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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 61 discussion

Actual exam question from FINRA's Series 7
Question #: 61
Topic #: 1
[All Series 7 Questions]

FINRA advertising standards permit a dealer to state that a CMO has an implied AAA rating if the securities are issued:

  • A. with an average life no longer than ten years
  • B. by a US government agency
  • C. by a private issuer who has not yet received an expected AAA rating
  • D. in amounts less than $1,000,000
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Suggested Answer: B 🗳️
by a US government agency. Since government agencies do not apply for ratings, it is permissible to state that its issues have an "implied AAA rating". Private issuers must receive a rating in order to state it in advertising.
by lolojepu at April 6, 2025, 1:58 a.m.

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