Finra Exam Series-6 Topic 3 Question 95 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 95
Topic #: 3

Which of the following would qualify as accredited investors for a Regulation D offering?

i. your 45-year-old, spinster aunt who has earned in excess of $200,000 annually over the last ten years as a pediatric surgeon

ii. your Uncle Miserly, who is reputed to have a net worth of $1.2 million

iii. Tiny Brokers, a small broker-dealer with a single office in the state of Kentucky IV. a trust containing assets that are valued between $3.5 and $4 million

AI and II only

BIII and IV only

CI, II, and III only

DII and IV only

Show Suggested Answer

Suggested Answer: A

Among other things, the trade confirmation that Anna receives must stipulate the items described in Selections I and III only. The trade confirmation that Anna receives from GetErDone must stipulate the time and date of the transaction, the number of shares sold, and the price at which they were sold. The exchange or ECN on which the transaction was executed is not provided on the confirmation statement. Whether GetErDone acted as a principal or a broker in the transaction does need to be stipulated, but in this instance GetErDone acted as a broker, not a principal. GetErDone did not itself buy the shares from Anna.

by Lucy at Jan 15, 2025, 11:12 PM

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Paul

21 hours ago

My money's on option D, my friend. Uncle Miserly and that trust with the 3.5-4 million in assets, they're the real deal. As for the pediatric surgeon and Tiny Brokers, I think they're about as accredited as my pet rock.

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25 days ago

I think the answer is D) II and IV only.

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