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Series 7 Exam For Dummies, Premier Edition with CD, 2nd Edition by Steven M. Rice

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Chapter 5

Underwriting Securities

In This Chapter

arrow Understanding the specifics of registering securities

arrow Knowing the types of offerings

arrow Spotting exempt securities

arrow Reviewing additional topics tested

All issuers of securities need a starting point, just as all securities need a birth date (just not the kind that’s celebrated with funny-looking hats and a cake). Most securities go through a registration procedure before the public can buy them. The Series 7 exam tests your ability to recognize the players and institutions involved in the registration process.

In this chapter, I cover topics related to bringing new issues (securities) to market. You find out about key players, types of security offerings, kinds of securities that don’t need to be registered, and other details about the underwriting process. (Check out the “For Further Review” section at the end of this chapter for a list of related topics you should be well-versed on before taking the test.) This chapter also includes a few practice questions to help you measure how well you understand the topic.

Bringing New Issues to ...

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