Reference no: EM132345760

1. Due to the ________________, in recent years, many security firms have joined with other financial institutions, such as commercial banks, savings institutions, and insurance companies.

A. The Financial Services Modernization Act

B. The Federal Reserve Act

C. The Glass-Steagall Act

D. SEC Rule 144A

E. SEC Rule 415

2. At the Federal level, most securities transactions are subject to regulation by the _____________.

A. Federal Reserve

B. OMB

C. OTS

D. SEC

E. U.S. Treasury

3. With __________________, corporations can register new securities with the SEC up to two years in advance, and be prepared to issue them on relatively short notice.

A. Rule 144A

B. a best efforts underwriting

C. shelf registration

D. a firm commitment underwriting

E. electronic underwriting

4. The _______________ protects investors resulting from securities firm failures of losses up to $500,000.

A. SIPC

B. FDIC

C. Federal Reserve

D. NYSE

E. Chicago Board of Trade

5. _____________________ prevents U.S. state governments from requiring their own registration of securities that are registered at the Federal level.

A. The Financial Institution Modernization Act

B. SEC Rule 144A

C. The Federal Reserve Act

D. SEC Rule 415

E. The National Securities Market Improvement Act