100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FINRA Series 99 Exam Study Guide with Complete Solutions $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

FINRA Series 99 Exam Study Guide with Complete Solutions
 7 views  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

FINRA Series 99 Exam Study Guide with Complete Solutions ways to raise capital - Answer️️ -1. sell ownership/equity in your company 2. issue debt securities (bonds) share of stock - Answer️️ -a percentage ownership of the company; a unit of ownership debit security/bond - Answer️️...

[Show more]

Preview 4 out of 42  pages

Document information

  • September 25, 2024
  • 42
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finra series 99 exam study guide with complete sol

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Reviews received

Content preview

TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FINRA Series 99 Exam Study Guide with
Complete Solutions


ways to raise capital - Answer✔️✔️-1. sell ownership/equity in your company


2. issue debt securities (bonds)

share of stock - Answer✔️✔️-a percentage ownership of the company; a unit of

ownership

debit security/bond - Answer✔️✔️-"a tiny loan" to a company where the issuer promises

to pay back an amount of $ in the future + interest

capital markets - Answer✔️✔️-includes the stock market and the bond market

stock market - Answer✔️✔️-the place where stocks are traded among investors

bond market - Answer✔️✔️-the place where bonds are traded among investors

hire an underwriter or investment banking firm. - Answer✔️✔️-a company must do what

to issue stock?

primary market - Answer✔️✔️-the first time a stock is sold to investors

secondary market - Answer✔️✔️-the place where a stock is traded among investors

broker - Answer✔️✔️-1. acts as a go-between for the buyer and seller

2. earns $ through fees for their services (i.e. commissions)


1/42

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
dealer - Answer✔️✔️-1. makes trades out of their inventory of stock

2. buys at a lower "bid" price and sells it at a higher "ask" price

3. earns $ through the differences between the ask price and the bid price

registered investment advisors - Answer✔️✔️-individuals or firms that manage the

investment portfolios of individuals, groups, or funds

RIA needs to register with SEC - Answer✔️✔️-if AUM > $110 M

RIA needs to register with the state - Answer✔️✔️-if AUM < $100 M

RIA can register with SEC or state - Answer✔️✔️-if $100 M < AUM < $110 M

The Securities Act of 1933 - Answer✔️✔️-regulates the registration of securities that are

sold to the public

The Securities Act of 1933 - Answer✔️✔️-requires that issuers disclose material

information to investors

The Securities Act of 1933 - Answer✔️✔️-a.k.a. the "Paper Act" because corporations

register their securities through a paper registration statement

The Securities Act of 1933 - Answer✔️✔️-regulates the primary market

The Securities Exchange Act of 1934 - Answer✔️✔️-regulates broker-dealers and how

existing securities are resold in the secondary market

The Securities Exchange Act of 1934 - Answer✔️✔️-a.k.a. the "People Act" because it

regulates people who work in the industry



2/42

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The Securities Exchange Act of 1934 - Answer✔️✔️-contains important trading laws,

such as insider trading laws

The Securities Exchange Act of 1934 - Answer✔️✔️-introduced margin requirements

The Securities Exchange Act of 1934 - Answer✔️✔️-created the Securities and Exchange

Commission (SEC) to interpret and enforce securities laws

The Securities Exchange Act of 1934 - Answer✔️✔️-allows securities exchanges and

broker-dealers to regulate themselves

The Securities Exchange Act of 1934 - Answer✔️✔️-requires broker-dealers to register

with the SEC and FINRA

security - Answer✔️✔️-(1) an investment of money that (2) involves a common enterprise

(3) in which the investors expect to make a profit (4) from the efforts of someone other

than themselves

what is not a security? - Answer✔️✔️-1. fixed annuity

2. whole life, term life, universal life, endowment policy

3. gold

4. collectibles, antiques, art

what are securities exempt under the '33 Act? - Answer✔️✔️-1. securities issued by the

federal gov't (U.S. treasury bills, notes, and bonds)

2. municipal securities




3/42

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
3. securities issued/regulated by government agencies and government sponsored

entities

4. securities issued by banks and credit union

5. securities issued by non-profits

private placement - Answer✔️✔️-a private offering of debt or equity securities to a small

group of investors

exempt transaction - Answer✔️✔️-a private placement that meets the requirements of

Regulation D, and is not subject to full SEC registration

Regulation D, Rule 504 - Answer✔️✔️-1. non-reporting issuers for small equity offerings

2. small, under 1 million aggregated over 12 months

3. no restriction on the number or type of investors

Regulation D, Rule 505 - Answer✔️✔️-1. open to all issuers (except sketch ones w/

violations)

2. somewhat small, under $5M aggregated over 12 months

3. maximum of 35 non-accredited investors

Regulation D, Rule 506(b) - Answer✔️✔️-1. open to all issuers (except sketch ones w/

violations)

2. no dollar cap

3. maximum of 35 non-accredited investors, but all must be sophisticated or

represented by a "purchaser representative"



4/42

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 EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 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
$12.49
  • (0)
  Add to cart