FINRA Series-7 Actual Questions

36,000. Under Rule 144 up to one percent of the outstanding shares or the average weekly volume for the preceding four weeks, whichever is greater. The total volume for the last four seeks was 144,000 shares. The average is therefore 36,000 shares. This is greater than one percent of the shares outstanding (35,000).

open-end investment companies. The term is generally applied to open-end investment companies.

income, dividend, and capital gain distributions may be automatically used to purchase new shares of the fund. The new purchases are at the ask price, not the bid price.

FINRA. Sales literature regarding investment company shares must be filed with FINRA within three days after the first use.