10 free Series 79 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Series 79 Practice Test 3Tutor mode
Question 1 of 10
Underwriting/New Financing Transactions, Types of Offerings and Registration of Securities
A dealer that is not a syndicate member trades a new IPO issuer's common stock in the secondary market. The stock was listed on a national securities exchange as of the offering date. For how long after the effective date (or the start of the offering, if later) does the dealer's prospectus-delivery obligation last?