Corporate Insiders correct answers An officer, director, or > 10% shareholder
Trust Indenture correct answers Details obligations of issuer and rights of bondholders, between trustee and issuer
Affirmative Covenants correct answers Require issuer to perform certain actions (e.g. submit SEC...
Series 79 || Questions and 100% Verified Answers.
Corporate Insiders correct answers An officer, director, or > 10% shareholder
Trust Indenture correct answers Details obligations of issuer and rights of bondholders, between
trustee and issuer
Affirmative Covenants correct answers Require issuer to perform certain actions (e.g. submit
SEC filings, pay taxes)
Negative Covenants correct answers Prohibit certain actions (e.g. paying special dividends)
Financial Covenants correct answers Require issuer to maintain a certain credit profile
Securities Investor Protection Corp. (SIPC) correct answers insures customer accounts ($500 k
total, max $250 k cash)
Insider Trading and Securities Fraud Enforcement Act of 1988 requires what? correct answers
Requires annual compliance reviews, info barriers, and restricted list
Penalties for Insider Trading under the '34 Act: correct answers Civil: Treble damages
Criminal: Max $5 mm fine and 20 years in prison
Series 24 correct answers General Securities Principal
Series 27 correct answers Financial and Operations Principal
How many resident series 24's must an OSJ have? correct answers At least 1
Anti-Money Laundering Compliance is because of this Act correct answers Bank Secrecy Act of
1970
How long does a firm have to send a currency transaction report to FinCEN after a cash deposit
of $10,000 in one day? correct answers 15 days
After learning of a suspicious activity, how long does a firm have to file a suspicious activities
report (SAR)? correct answers 30 days
For Anti-Money Laundering Compliance, how many AML Compliance Persons must a firm
have? correct answers One designated AML principal
Under the Customer Identification Program (CIP), when is a customer's identity verified? correct
answers After an account is opened
Foreign Corrupt Practices Act (FCPA) correct answers Requires firms to report to DoJ any
knowledge of bribery or kickbacks involving foreign government officials
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.29. You're not tied to anything after your purchase.
