100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SIE Exam Chapters 1-5 Questions & Answers 2023/2024 $10.49   Add to cart

Exam (elaborations)

SIE Exam Chapters 1-5 Questions & Answers 2023/2024

 13 views  0 purchase
  • Course
  • SIE
  • Institution
  • SIE

SIE Exam Chapters 1-5 Questions & Answers 2023/2024 Bid - ANSWER-Represents a clients selling price - This is the price at which the MM will buy dealer to dealer markets - ANSWER-NASDAQ -Non-physical; phone and computer network - Negotiated market - unlimited number of registered "market...

[Show more]

Preview 3 out of 27  pages

  • July 23, 2023
  • 27
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
  • SIE
  • SIE
avatar-seller
Bensuda
SIE Exam Chapters 1-5 Questions &
Answers 2023/2024
Bid - ANSWER-Represents a clients selling price

- This is the price at which the MM will buy



dealer to dealer markets - ANSWER-NASDAQ

-Non-physical; phone and computer network

- Negotiated market

- unlimited number of registered "market makers"

-Classified as a securities exchange



OTCBB (Bulletin Board) - ANSWER-Must be reporting companies



Third Market - ANSWER-- Listed securities traded otc

- Do not maintain an inventory



Issuers - ANSWER-Are legal entities that raise capital by issuing securities. These include:

Corporations

U.S. Treasury and Government Agencies

State and local governments

Banks

Foreign Governments



Equity - ANSWER-Used by corporations and banks

- represents ownership



Debt - ANSWER-Ex: Notes and bonds

,Represent and issuers promise to pay



Broker - ANSWER--Firm acts as a agent or conduit

- Finds another party willing to take the other side of trade

- Collect commission for the service

- No risk to the firm



Dealer - ANSWER--Firm acts as a principal

- Firm takes the other side of the trade

- Entitled to markup/markdown

- Risk= Using their own money to take the other side of the trade



Investment Banking - ANSWER--Issuance

- Acts as an underwriter

- Merger and Acquisition

- Private Equity

- Debt and equity capital markets



Research - ANSWER--Research reports on which companies should be bought or sold



Private Client - ANSWER-- Retail Brokerage



Sales and Trading - ANSWER--Fixed income

-Equity

-Bonds and debt



Market-Maker - ANSWER-Is a broker-dealer that chooses to display quotes to buy or sell a specific
amount of securities at specific prices

-Quotes are firm for at least 100 shares=round lots

, Make Spreads



Ask or Offer - ANSWER-Represents a clients purchase price

- This is the price at which the MM will sell



Investment Adviser - ANSWER-Is a firm that charges customers a fee for managing their securities
portfolios.

- The fee is based on the assets under management

- An IA is considered a large or institutional customer of a broker dealer



Municipal Advisor - ANSWER-Is a person or firm who advises municipalities on bond offerings and must
be registered with the SEC

- Typically advise issuers (ex: state, county or city) regarding the structure and timing of a new offering.



institutional investor - ANSWER-Customers with a large amount of assets

- Banks

- Insurance companies

- Investment companies

-corporations, partnerships

-Registered investment advisers

- public and private pension plans

-Hedge funds



Retail Investor - ANSWER-- Individual Investors who are not defined as institutional investors



Accredited Investors - ANSWER-Institutional investors as well as individuals who have met a financial test

- Net worth of $1,00,000 excluding primary residence

- Annual income of $200,000 in each of the last 2 years, $300,000 for married couples

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart