The SEC Provision Under Which Qualified Institutional Investors Can Trade

question 26

Multiple Choice

The SEC provision under which qualified institutional investors can trade privately placed securities among themselves is called

• A)Rule 144A.
• B)Rule 415.
• C)the Sarbanes-Oxley Act.
• D)None of the options are correct.

---

Definitions:

Chattel

Movable assets distinct from land or buildings.

Leasehold Estate

An interest in real property that gives the holder the right to possession and use of the property for a specified term under a lease.

Freehold Estate

A type of ownership in real estate where the owner has complete control of the land and any buildings on it for an indefinite period.

Periodic Tenancy Agreement

A rental agreement that continues for successive periods (e.g., month-to-month or year-to-year) until terminated by the landlord or tenant.