ARE YOU PLANNING TO SIT FOR THE SECURITIES INDUSTRY ESSENTIALS (SIE) EXAM? IF SO, ARE YOU PREPARED FOR SIE QUESTIONS ON SHELF REGISTRATIONS, HOW THEY WORK, AND WHAT'S THEIR PURPOSE?

FINRA publishes a Content Outline for the Securities Industry Essentials (SIE) Exam, and Section 1.4 covers types of offerings, role of participants, and Shelf Offerings and Shelf Registrations. FINRA thus tells SIE candidates that questions on Shelf Offerings may appear on their exams.

Bob Eder discusses Shelf Offerings in his Study for the Securities Industry Essentials (SIE) Exam. Here is a sample of Bob Eder's treatment:

"Shelf Registrations—The SEC allows many companies to register new issues called "shelf registrations." These shelf registrations allow companies to file all the new-issue paperwork with the SEC, and then to issue shares at any time during a three-year window. Shelf registrations utilize Form S-3 to file new issues. Shelf registrations have both good features and bad features. They allow a company to quickly issue new shares, given that the new issue paperwork is already on file with the SEC, but they can cause existing shareholders to suffer a watering down of earnings and earnings per share when new shares are issued."

Here is the link to FINRA's Content Outline for the SIE Exam dated 2024. Bob Eder's Study for the SIE Exam closely follows FINRA's Content Outline so that you don't waste time in studying material not required by the SIE Exam.

Study for the Securities Industry Essentials (SIE) Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's book on Amazon.

For questions about Bob Eder's Study for the Securities Industry Essentials (SIE) Exam, or questions in general about Shelf Registrations, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. See Bob Eder's Author Page on Amazon.com.

P.S. Please consider posting a written review of Bob Eder's Study for the SIE Exam on Amazon and/or Goodreads. We value your opinion!


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